CPI March 2008

Wednesday, April 16, 2008 | 09:15 AM

I'm running to meet a friend, but I had to get this chart up on CPI:

CPI Expenditure by Category

courtesy of Brian Jacobs

As you an see, consumer inflation is very well contained . . .

Wednesday, April 16, 2008 | 09:15 AM | Permalink | Comments (15) | TrackBack (1)
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» Really --- it's the media's fault from Newshoggers.com
By Fester The recent poll that showed 90% of the United States adults believing that the economy is either 'poor' or 'not so good' is a little bit higher than I expected but in the general ball park. However it [Read More]

Tracked on Apr 19, 2008 1:52:07 PM


It is not as bad as you think. Look around you.

1. CPI is inline

2. US Mar Industrial Production +0.3%; Consensus was -0.1%

3. Over the 12 months ending in March, industrial production advanced 1.6%, while capacity use was up 1.9% from a year earlier.

4. The companies continue beating the estimates. Out of 18 companies reported this morning, 15 beat and only 3 missed the estimates.

5. Outside of the financials, the earnings continue growing lower double digits but the stocks have been beaten down 15-20% with the financials. The market is irrational and there is too much of pessimism.

6. I also think, we will have a positive GDP (around 1%) during 1Q08 (helped by 17% jump in exports).

7. Even the financials that have reported so far are beating the estimates.

Wells Fargo - beats
JPM - beats
US Bancorp - beats
State Street - beats
M&T Bank - beats
Commerce Bancshares - beats


BR: Then what you should do is lever up and go long!

Posted by: Armageddon? NO! | Apr 16, 2008 9:42:25 AM

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