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« Of Carnival Barkers and Shills | Main | Pew: Bush Job Approval Up »
June 17, 2004

Economic News: Good, with a Touch of Bad

But other things are going on besides the outing of Shrill Shill.

May's readings on inflation were greater than expected:

Prices received by farms, factories and refiners shot up a hefty and more-than-expected 0.8 percent last month, the largest jump since March 2003, the Labor Department said.

While food and energy prices both rose sharply, the department's core producer price index, which strips out those volatile costs, gained a larger-than-expected 0.3 percent, adding to inflation jitters on Wall Street.

They'd expected a .6 rise in CPI, and a .2 rise in the core producer price index.

That's not good for Wall Street.

On the other hand...

Also, a regional manufacturing survey showed strength, though it bore some pockets of softness. The Philadelphia Federal Reserve's June business activity index climbed to 28.9 from 23.8 in May, beating forecasts of a rise to 25.0.

In a separate report, the Labor Department said first-time filings for state jobless aid fell 15,000 to 336,000 in the week ended June 12, their lowest level since early May.

...

Also on Thursday, the Conference Board, a private business group, said its index of leading economic indicators rose 0.5 percent in May to 116.5, suggesting the U.S. economy's momentum is likely to build in the coming months.

Note the word "build." Not "continue." Build. As in quicken in pace.

Finally:

A four-week moving average of claims, which smooths weekly volatility to provide a better picture of underlying trends, slipped 2,750 to 343,250. The average has been hovering since early March near levels not seen since early 2001, before the economy tipped into recession.

Actually, the economy tipped into recession in late 2000, but I take their point.

The markets are reacting fairly neutrally to the combination of inflation worries and very positive economic news. I'm speaking out of my hat here, but I kinda think the markets want that .25 rate hike in June -- or even a .5 hike -- just to get it over with. Maybe it's the current fear of the rate hike -- which everyone knows is coming -- which is keeping markets moving sideways.


posted by Ace at 04:01 PM
Comments



Actually the market has already priced in a .25 hike at the June meeting. It has also priced in at least a .25 hike for the August meeting (a high probability of a .5 hike), and another .5 by the end of the year (meetings in September, November, and December). You can tell by looking at the Fed Funds futures, traded on the Chicago Board of Trade. For those who don't know, the price of these is simply 100-[Fed Funds Rate at Expiration].

So, if there is a hike this month, and it's only .25, then the markets should have little reaction. It could even be a positive reaction, as some investors think that the Fed may not hike rates at a 'measured' pace after seeing perceived signs of inflation. If they only go up .25 that might reassure some of the more worried investors out there.

Posted by: morpheus on June 17, 2004 05:42 PM

Thanks. It's the second paragraph of yours that I mean.

Well, actually, I mean that there may be a psychology out there in which anticipation of the bad future event is actually worse than the occurence of the bad future event.

Know what I mean?

Posted by: ace on June 17, 2004 05:50 PM

Greenspan is trying to do to Bush what he did to his Papa.

Never trusted the Maestro. Too much hubris.

Posted by: Katherine on June 18, 2004 12:47 AM

Actually Ace, yes, I know exactly what you mean. I think Steven Seagal put it best in 'Hard to Kill' when he wrote "Anticipation of Death is Worse Than Death Itself" in blood on the wall, right before he broke the arm of the last bad cop and went to take care of the Senator. That was also the movie that led to the marriage of Seagal and Kelly LeBrock. Good times.

Posted by: morpheus on June 18, 2004 08:52 AM
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Senator Lindsey Graham (R - SC) has died after a "brief and sudden illness." [Buck]
In response to someone asking why the video tape doesn't show Tyler Robinson's face (PS, it does, but it's crappy video so it's blurry):

Candace Owens
@RealCandaceO

Because as I demonstrated on my show, there were MANY young men that all woke up and decided to dress in Maroon shirts and light shorts on the day of the Charlie's assassination.

The footage can be any one of these young men and in my opinion is likely multiple of them.

If Tyler Robinson's defense would like to contact me-- I'd be happy to supply them the folder of the maroon boys that I began archiving when I noticed the bizarre fashion trend.

I have thus far ID'd two of them, but will focus on IDing the rest of them when I am back on air.

I have maintained that the Feds had multiple decoy maroon boys on the ground that day. Without a clear image, they certainly cannot declare it is Tyler Robinson which is why all the Zionist influencers are hoping they can simply hypnotize the public into trusting blurry images and videos.
For such an "open and shut case" they have thus far provided ZERO evidence of anything outside of a criminal government conspiracy, the likes of which hasn't been seen since the JFK assassination.
More "fedslop" that Cavernous Nostrils is too smart to be taken in by:

Blake Neff
@BlakeSNeff

BREAKING: Lance Twiggs says that Robinson admitted to him in-person on Sept. 11 that the message he had sent the night before (presumably, messages sent while he was trying to retrieve his rifle the night of Sept 10) was true. He says Robinson told him "He wishes he hadn't done it."
Fenix Ammunition
@FenixAmmunition

Photos of the ammunition recovered from Tyler Robinson.

Remington headstamp on the case and despite the somewhat low resolution on the photo you can see the somewhat blunted nature of the projectile's tip.

This is a Remington Cor-Lokt soft point round. It's SPECIFICALLY designed to deform, slow down, and prevent an exit wound. Available at literally every single gun store and sporting goods store that sells ammunition.

In fact, 16 out of the 17 .30-06 varieties manufactured by Remington use some type of expanding, deforming, or fragmenting bullet. Only ONE of their products uses a full metal jacket projectile that could/would be expected to leave an exit wound.

Here's a clip of them sitting in my desk.

This has been the most easily debunked claim of their entire web of lies and it's really mind blowing considering this is exactly what you would choose for an assassination.

But yeah, definitely keep getting all your information from the DEI hire and the Portland pizza boy. I'm sure they know more about this than I do.

Post here, showing Tyler Robinson's ammunition, matching this guy's own box. And it is an expanding-tip hollow-point round.

Boy these Internet Experts (TM) sure do get a lot of things wrong.
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And a song with another song as an intro, too:
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Or the strength of an oak with roots deep in the ground
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Thru tarmac, to the sun again

Boy do they look like absolute dorks.
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She always smiled for the people she'd meet
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It happened forever, for a short time
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Forever I loved you, forever it seemed
One summer never ends, one summer never began
It keeps me standing still, it takes all my will
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