As I was reading p on my current events this morning I saw that Ahnold, the governor of the United States most populous state, declared that the U.S needs to close its doors.
As he said, "Close the borders in California and all across Mexico and in the United States, because I think it is just unfair to have all those people coming across, have the borders open the way it is, and have this kind of lax situation."
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Is he really that stupid? Didn't he immigrate from Austria 40 yrs ago, and is now living the "American Dream"? Is that not a little bit hypocrticial? Since when did "E Pluribus Unum" mean nothing? I thought that's what this country was based on....I do think that immigration should be regulated and somewhat controlled. But, the people who say that it needs to be stopped are retarded. The day the U.S. begins shutting its borders is going to be a very sad day...
In other news......The core consumer price inflation rose much more than expected in March, up 0.4% on the month. However, the surprise was due to one element -- lodging away from home (essentially, hotel room prices). In what may be emerging as a seasonal pattern, the lodging away from home index rose 3.9% in March, which mathematically was worth 0.15% on the core index. (The component factors, their monthly increases, and their weights can be found at www.bls.gov/news.release/cpi.t01.htm.) Without that, and upward rounding, the core would have been up only 0.2%. As a result, I do not view this month's report as an indicator of a significant pickup in inflation.
Consumer price index +0.6% (+3.1% yoy)
ex-food and energy +0.4% (+2.3% yoy)
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2 comments:
Damn Mexicans.
The 70s? What's that? I'm not so sure inflation is really going to be an issue....The wholesale prices numbers yesterday were fairly tame, and if you focus on the intermediate stage goods, the rise in prices has subsided, perhaps indicating that the past rise in core goods prices is still not making its way to the consumer....Also, inventories have built up indicating that perhaps production has outpaced demand,indicating pressure on capcaity will ease. Until we start to see a rise in in wages, I'm not sold on inflation...
I still recommend the EUR/JPY ATM Straddle with a 1.05 Stop.
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