U.S. wholesale producer price index for
March released at 6:30 this morning
shows a 0.4% drop. Largest weakness in
retail and electronics. To us, this is
an indication of further deflationary
pressures ahead.
Precious metals are getting hammered as
a result plus thoughts that QE3 will
slow or end by year end.
An observation but, if Big Ben's phony
money printing spree can't inflate
markets . . . are markets setting up for
a crash? U.S. Fed is now under huge
pressure to slow QE as the Fed's balance
sheet is ballooning to absurd levels.
buckle in . . . .
March released at 6:30 this morning
shows a 0.4% drop. Largest weakness in
retail and electronics. To us, this is
an indication of further deflationary
pressures ahead.
Precious metals are getting hammered as
a result plus thoughts that QE3 will
slow or end by year end.
An observation but, if Big Ben's phony
money printing spree can't inflate
markets . . . are markets setting up for
a crash? U.S. Fed is now under huge
pressure to slow QE as the Fed's balance
sheet is ballooning to absurd levels.
buckle in . . . .
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