Comments on: Consumer Prices Flat in September http://www.nakedcapitalism.com/2008/10/consumer-prices-flat-in-september.html Sun, 22 Nov 2009 04:39:16 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/10/consumer-prices-flat-in-september.html#comment-21926 Anonymous Thu, 16 Oct 2008 16:39:00 +0000 http://www.nakedcapitalism.com/2008/10/consumer-prices-flat-in-september/#comment-21926 I'm sure you're correct that the market will take cheer from the reversal in inflationary pressures, but is lower inflation due to demand destruction something the market should be happy about? I’m sure you’re correct that the market will take cheer from the reversal in inflationary pressures, but is lower inflation due to demand destruction something the market should be happy about?

]]> By: S http://www.nakedcapitalism.com/2008/10/consumer-prices-flat-in-september.html#comment-21921 S Thu, 16 Oct 2008 16:07:00 +0000 http://www.nakedcapitalism.com/2008/10/consumer-prices-flat-in-september/#comment-21921 The no inlfation deflation meme is the sound of one hand clapping. Yes deflation in things you want but inflation in things you need. For example look at the report this am: food was up .6% M|M or 7% annualized. CPI is also the benchmark used to set the payout on tips. The no inlfation deflation meme is the sound of one hand clapping. Yes deflation in things you want but inflation in things you need. For example look at the report this am: food was up .6% M|M or 7% annualized. CPI is also the benchmark used to set the payout on tips.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/consumer-prices-flat-in-september.html#comment-21913 Anonymous Thu, 16 Oct 2008 15:17:00 +0000 http://www.nakedcapitalism.com/2008/10/consumer-prices-flat-in-september/#comment-21913 This Reuters piece is a good candidate for non-story of the year.<br/><br/><i>Market falls after weak Philly Fed report Thursday October 16, 10:57 am ET</i> <br/><br/><i>NEW YORK (Reuters) - Stocks slid in skittish trading on Thursday after a report showed a steeper-than-expected drop in factory activity in the Mid-Atlantic region for October.<br/>The Philadelphia Federal Reserve Bank said its business activity index slumped unexpectedly to -37.5in October from 3.8 in September.</i><br/><br/>As if any different outcome was possible after the identical previous adjacent NY Fed region manufacturing report.<br/><br/>Stories like this help fuel widespread beliefs in conspiracy theories whereby secretive elites controlling the mass media intentionally publish misinformation.<br/><br/>I believe reporters help spread such ideas to cover their own invincible ignorance. This Reuters piece is a good candidate for non-story of the year.

Market falls after weak Philly Fed report Thursday October 16, 10:57 am ET

NEW YORK (Reuters) – Stocks slid in skittish trading on Thursday after a report showed a steeper-than-expected drop in factory activity in the Mid-Atlantic region for October.
The Philadelphia Federal Reserve Bank said its business activity index slumped unexpectedly to -37.5in October from 3.8 in September.

As if any different outcome was possible after the identical previous adjacent NY Fed region manufacturing report.

Stories like this help fuel widespread beliefs in conspiracy theories whereby secretive elites controlling the mass media intentionally publish misinformation.

I believe reporters help spread such ideas to cover their own invincible ignorance.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/consumer-prices-flat-in-september.html#comment-21905 Anonymous Thu, 16 Oct 2008 14:02:00 +0000 http://www.nakedcapitalism.com/2008/10/consumer-prices-flat-in-september/#comment-21905 The concept that ever rising real estate, food, fuel and shipping costs are good could only have formed in the hermetically sealed echo chamber that is Manhattan.<br/><br/>Meanwhile the Manhattan focused mass media continues trying to deceive the public. Witness a current AP story lamenting the adverse impact of falling oil prices on "investors".<br/><br/>It's the best broader economic news I've seen for a year. The concept that ever rising real estate, food, fuel and shipping costs are good could only have formed in the hermetically sealed echo chamber that is Manhattan.

Meanwhile the Manhattan focused mass media continues trying to deceive the public. Witness a current AP story lamenting the adverse impact of falling oil prices on “investors”.

It’s the best broader economic news I’ve seen for a year.

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