CPI Core, the Beast Hath Risen...
PPI sure didn't give a heads up to today's CPI, with the core rate(ex food and energy prices) rose .4%, double the estimates... shades of stagflation... The Dow almost pierced the 10,000 mark, trading as low as 10,000.42... as crude oil regained strength... In other breaking news, the New York Stock Exchange will be merging with ARCA and its gaylord fees, which I have mixed feelings about, but seems to make business sense... I also played paddleball in Stuyvesant Village which seems poised to become a new pastime being a cross between the chopping strokes of ping pong and the breadth and physical exertion of tennis...the boats are slowly coming back to the Hudson upper westside in this photo... it approaches midnight and I have blisters on my feet and will have to let the monsters mash out of the closet and frighten the kids and mum...
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