One thing to consider here is the Fuel/Transportation component of wholesale prices.
I expect a large portion in this increase is attributable to the cost of Oil.
Have at it, folks.....
It'll probably be down in Nov...
You say that as if it should somehow discount the news. Are you saying that one wholesale commodity is distorting the overallpicture? But isn't the cost of energy embedded in the price of just about everything? When energy makes the cost of goods sold go higher, doesn't that mean either a)profits falter or b)prices go up?
ARGH! BUSH'S FAULT! ALL BUSH'S FAULT!!!
Goldilocks economy - not too robust, not too weak.
In my opinion, this market is a keeper, folks.
And ironically mainstream media is an ally in this.
Easy money.
Now, of course oil prices are the reason for the brief uptick on inflation numbers. The point is that oil is unsustainable at the present price levels and is only justifying new drilling and alternative fuel research that will further erode prices.
Somebody didn't want Bush re-elected, but the strategy of artificially inflating oil prices didn't work.
Anyway, you really can't have it both ways.
A booming economy always has some inflationary impact, but that is no reason to not participate.
Full employment means competition for services, and people can demand wage increases. Oh well, better than unemployment for the economy, isn't it?
Is there a danger of THIS economy going from life-support to red-hot WITHOUT a period of opportunity for investors? Absolutely ridiculous!
We are moving positively forward from some of the best fundamentals ever.
A great gift to savvy investors is the brainwashing of the public by mainstream media. The economy has been good but telling us would have ensured Bush's re-election, so they lied somewhat.
Bush policies over the next 4 years will be very, very good to this economy.
Jump in now in my opinion, as much of risks are now removed from the market. Buy growth stocks, and for at least the next 3 years, and make a fortune.
This will go down, as oil has gone down, now that the leftists are done driving up the oil futures prices in attempts to keep Bush from winning re-election.