The Traderszone Network

Inflation is out of control.  Now, we mostly agree that the Fed’s official inflation numbers are just – ridiculous.  But the real inflation, is even harder to quantify, and more subtle – as we explain in Splitting Pennies – Understanding Forex.  What drives inflation is NOT Adam Smith’s “Supply and Demand” – an interesting idea but completely static, and completely irrelevant for practical applications – and certainly not useful for business, or economic forcasting.

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Westpac (Andrew Hanlon) initial comments on the capex data today
In brief:
– The outlook for business investment is weak.
– Investment by the services sector sluggish.
WPAC’s economy outlook:

The recent rallies in Crude Oil and Stocks have completely cleared out the short-term memories of many traders. While an article of mine from just two days ago indicated that those with cash on the sidelines might put some of it to work, the rally of the last two days may provide an opportunity for pause. Like all commodities, including Crude Oil, the Stock Market, as represented by the E-mini S&P has a tendency to trade with hyperbole and cause the casual observer to believe that there is no rhyme or reason to its movement.

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Submitted by Brandon Smith via Alt-Market.com,

The definition of “extremist” is a rather ambiguous issue primarily dependent on opinion rather than fact. That is to say, it is generally the people in power and their propaganda mouthpieces that determine who is an extremist and who is not. There is no set or fair standard.

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Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months.

Here is Bill Gross on Japanese debt ….
the full article is at Bloomberg 
He goes on:
And, he isn’t finished:

Check out the link above from more from the G-man.

International oil prices rose to their highest levels in six months on Thursday, as the recent decline in U.S.

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