No Shit Sherlock

Thursday, March 24, 2005
Posted in category Uncategorized
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Fears of higher rates returned to haunt the market this week, eclipsing oil concerns as the Fed used the ‘I-word’ in its policy statement. And just as the Fed said it now has inflation in its crosshairs, the market received evidence that producer and consumer prices are rising more than expected.

Did the Street analysts just wake up to this news?

See my Austro-Libertarian satire on – gasp! – the horrors of falling prices.

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