Exporting Inflation from China

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Speaking of Inflation, you can actually see the official inflation rate of China here:

Some of the actual data: Food inflation is running 18.2% year-over-year, led by meat and poultry (49%) eggs (23.4%) and vegetables (22.5%).

Health care in China was low (2.3%) — hey, its a communist state, and those costs are fixed by the Central government.

Also low: Booze and cigarettes – 1.7% year-over-year, (mostly because they do not carry the new ultra-premium vodkas we have here).

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Some oddities:

Transportation & communication were negative. Why are these two lumped together?  I strongly doubt that the price drops in telecommunication equipment offset the rise in Crude Oil and gasoline prices. Oh, wait, those prices are also fixed by the central planners. (Communism defeats inflation? How long can that last for?).

Residences gained 4.3%.

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There is a sad element to this:  Why is it that Communist propagandists at the National Bureau of Statistics of China are at least as truthful about price increases, if not more so, than we are here in America . . .

Category: Commodities, Data Analysis, Federal Reserve, Inflation, Politics

Speechless on Core CPI

Category: Commodities, Economy, Federal Reserve, Inflation, Podcast, Psychology

Fast Money to 5:00 pm; Kudlow & Co. to 7:00pm

Category: Financial Press

Q&A: Ridley Scott on Blade Runner

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Attention Blade Runner junkies: The offline Wired interview with Ridley Scott, which I mentioned in this weekend’s linkfest, is now online.

As we noted previously, the latest version of Blade Runner is in theaters in October, with a 5 DVD disc set to follow next year.

Here’s the Ubiq-cerpt:™

"It’s a classic tale of failure and redemption, the kind of story Hollywood
loves to tell.

Fresh off his second successful movie, an up-and-coming director takes a
chance on a dark tale of a 21st-century cop who hunts humanlike androids. But he
runs over budget, and the financiers take control, forcing him to add a
ham-fisted voice-over and an absurdly cheery ending. The public doesn’t buy it.
The director’s masterpiece plays to near-empty theaters, ultimately retreating
to the art-house circuit as a cult oddity.

That’s where we left Ridley Scott’s future-noir epic in 1982. But a funny
thing happened over the next 25 years. Blade Runner’s audience quietly
multiplied. An accidental public showing of a rough-cut work print created
surprise demand for a re-release, so in 1992 Scott issued his director’s cut. He
silenced the narration, axed the ending, and added a twist — a dream sequence
suggesting that Rick Deckard, the film’s protagonist, is an android, just like
those he was hired to dispatch.

But the director didn’t stop there. As the millennium turned, he continued
polishing: erasing stray f/x wires, trimming shots originally extended to
accommodate the voice-over, even rebuilding a scene in which the stunt double
was obvious. Now he’s ready to release Blade Runner: The Final Cut,
which will hit theaters in Los Angeles and New York in October, with a DVD to
follow in December.

At age 69, Ridley Scott is finally satisfied with his most challenging film.
He’s still turning out movies at a furious pace — American Gangster,
with Denzel Washington and Russell Crowe, is due in November — building on an
extraordinary oeuvre that includes Alien, Thelma & Louise,
Gladiator, and Black Hawk Down. But he seems ready to accept
Blade Runner as his crowning achievement. In his northern English accent, he
describes its genesis and lasting influence. And, inevitably, he returns to the
darkness that pervades his view of the future — the shadows that shield Deckard
from a reality that may be too disturbing to face."

Other goodies:  An interactive look at the Cultural Influences Before and After the Film in the Blade Runner Nexus , and a full transcript and Audio of Wired’s Interview with Ridley Scott.

Its a must read for fans — even if Ridley gets whether Deckard is a replicant or a human wrong . . .

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Source:
Q&A: Ridley Scott Has Finally Created the Blade Runner He Always Imagined   
By Ted Greenwald  09.26.07 | 4:00 PM
http://www.wired.com/entertainment/hollywood/magazine/15-10/ff_bladerunner

Category: Digital Media, Film, Video

Media Appearance: Kudlow & Company (9/27/07)

Category: Media

CPI Info-porn

Category: Data Analysis, Federal Reserve, Inflation

Wheeee! New Homes Sales, Prices in Freefall

Category: Data Analysis, Economy, Psychology, Real Estate

Buffett to Buy Bear? Bull$%*# !

Category: Corporate Management, Derivatives, Financial Press, M&A, Valuation

Amazon’s DRM-Free MP3s

Category: Digital Media, Music, Web/Tech

Brokers’ Fictitious Gains

Category: Corporate Management, Earnings, Psychology, Trading