Bill Cara: PPI devil is always in the details, Tuesday, March 21, 2006, 8:36 AM

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March 21, 2006

PPI devil is always in the details, Tuesday, March 21, 2006, 8:36 AM

The U.S. PPI data is out. It will be controversial. Just remember that this data is for February and energy prices escalated in March. I'll have more to say later in the day, but here is the MarketWatch report, and you will find an independent analysis soon at Econoday.

Posted by Posted by Bill Cara on March 21, 2006 08:38:43 AM | Category: Economics

Discourse

Bill-

I see that core prices were up though 0.3%, much more than forecasted (0.1%). So the "One and Done" crowd now has to re-think that a bit and the Market Bulls have to reconsider what this does to their thesis. Let the spin begin. Should be an interesting day.

Posted by: MarkM at March 21, 2006 8:50 AM [link]

All-

I picked up RGLD on price weakness.

Posted by: MarkM at March 21, 2006 10:20 AM [link]