Friday, December 14, 2007

November Consumer Price Index rips higher; Bernanke in a Box

Nov accelerates big to +.8% mth/mth (vs. October's reading of +.3%) = Hawkish

Forget the "Core Inflation" reading that the Fed Centrists want you to focus on; thats simply unobjective, and part of a "narrative fallacy" bull case that 'inflation is low'...

This CPI report puts US Consumer inflation +4.3% year/year vs. Bernanke's stated level of comfort being closer to 2%...

Bernanke is "data dependent", and now comfortably in a box for Christmas.

Happy Holidays!
KM

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