That was a very hot ISM this morning. I'm not sure why, but I haven't read anything that questioned it as a blip, we'll see about that.
If it is not a blip, it makes things very confusing. A solid argument could be made for stagflation and a solid argument could be made for a couple more quarters of solid GDP growth.
The biggest reaction seems to be happening in the bond market.
It ok to be confused. No one can solve every issue right away.
Wikinvest Wire
2 comments:
Been there. Time to break out the Whip Stagflation Now buttons. Too bad we don't have Jimmy Carter to kick out of office. That seemed to do the trick last time.
Roger,
Does this article help at all?
http://online.wsj.com/article/SB112829069341357897.html?mod=mkts_main_featured_stories_hs
Jim in LV
Post a Comment