Posted on 12/21/2005 12:21:52 AM PST by CAWats
Wholesale prices posted their biggest drop in 2 1/2 years while housing activity stayed strong, two economic reports showed Tuesday.
The producer price index sank 0.7% in November, thanks to a 4% drop in energy costs, the Labor Department said.
"It showed some pretty big declines. That's always welcome," said Stuart Hoffman, chief economist with PNC Financial Services.
(Excerpt) Read more at investors.com ...
Bush's fault! Oh, wait, it's good news... Wiretapping!
More bad news for Democrats. Facing a mid-term election Democrats are out of campaign issues normally relied on to arouse the unwashed.
The economy: it's up and running and in sound condition
Jobs: there is an acute labor shortage even in some unskilled areas.
Class warfare: No one is interested
Tax increases on the rich: Everyone has caught on to the fact that tax increases raise everyone's taxes.
Socialism: failing all over the globe.
Abortion: burnt-out issue.
War on terrorism: For and then against.
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