Weekend Linkfest

Well, good Saturday morn to y’all. Its been a while since I posted a weekend linkfest, end of Summer vacation, and travellin and all.   

Here’s a few items which have been on me mind recently:

• Barron’s Alan Abelson notes that Deficits matter, and guess what? They impact Interest rates. (If no Barron’s online subscription, an excerpt is here

• Interesting pair of charts from Rydex, looking at the history of secular markets. Fascinating stuff, it implies that we are early in a 10-15 cyclical period that won’t make much progress. However, even within cyclical markets (i.e., DJIA 1966 – 1982), there are still significant Bull and Bear moves.

Except for Inflation, there’s no Inflation — To reach that awkward conclusion, you must engage in a sleight of hand . . .  the trick is to back out all of the inflationary data from the CPI, and PPI. Voila! No inflation.!

• Some home-owners are saving big bucks with The 6 Percent Solution
(Hint: It ain’t good for Real Estate Agents)

• Gasoline Futures have returned to Pre-Katrina levels; why then, haven’t your local gasoline prices?

• Amongst all the Katrina related mayhem, a Census report slipped out. While the rise in poverty made front page news, almost unnoticed were two facts:  the Middle class is shrinking, and the Ultra-Wealthy conitnue to grow wildly:  The Disconnect and Economic Classes   

• Jeff Matthews explains why he likes Google, here;
I explain why I like Jeff Matthews, here.

• A pre-Katrina Manpower survey finds "Employers remain cautious about hiring."

• The WSJ rolls out their ‘Weekend Edition’ today; Will a Saturday WSJ sell? Will it cannibalize sister Dow Jones publication Barron’s? There are more than a few naysayers.

• A thought provoking financial blog: THE CUNNING REALIST

Category: Financial Press, Weblogs

The difference between being rich and being wealthy

Category: Finance, Psychology

No Confidence . . .

Category: Economy

Quote of the Day

Category: Economy, Psychology

Deficits and Interest rates

Category: Economy, Fixed Income/Interest Rates

Why We Love Jeff Matthews

Category: Earnings, Psychology, Weblogs

Real Gold versus Real Oil

Category: Commodities, Economy

Its Gold Jerry, Gold!

Category: Commodities, Economy, Fixed Income/Interest Rates

Except for Inflation, there’s no Inflation

So let me make sure I completely understand this: If we back out all of the inflationary data from the CPI, and PPI, there is, um, no inflation? 

Thanks for clarifying that.

While the Dismal Set — and the majority of CNBC guests — continue to spout such foolish nonsense, its nice to see that at least the WSJ wasn’t bamboozeled. Their online headline read:  Consumer Prices Climb 0.5%

"Gasoline prices shot up 8.3%, the biggest increase since February 2003.
Food prices, however, were unchanged for the first time in nine months.
Medical-care prices were unchanged after nearly 30 years of increases.
Housing prices grew more slowly in August, falling to a 0.2% rate from
0.4% in July. Automobile prices fell 0.5%, half the rate of decline
recorded in July."

You can see more from the dismal set below . . .


UPDATE I: September 16, 2005 10:54 am

Its the ultimate Hedonic adjustment:  Chart of the Day shows us graphically that without the items that are going up in price, there is hardly any inflation at all! 

Core_inflation



UPDATE II: September 17, 2005 11:54 am

The first official chart from the weekend WSJ:

Inflation


UPDATE III: September 24, 2005 2:54 pm

Here’s a round up of all our recent discussions on inflation

Sources:
Consumer Prices Climb 0.5%
Katrina Helps Propel Jobless Claims
To Highest Level in Nearly 10 Years
WALL STREET JOURNAL, September 15, 2005 5:44 p.m.
http://online.wsj.com/article/0,,SB112678676740241720,00.html

Read More

Category: Economy, Fixed Income/Interest Rates

Finding A Floor?

Category: Technical Analysis