"NOYB" wrote in message
link.net...
US Treasuries fall as retail sales offset CPI
Thu Jul 14, 2005 11:04 AM ET
(Adds quotes, details on interest rate outlook, technicals and TIPS
auction, updates prices)
NEW YORK, July 14 (Reuters) - U.S. Treasury debt prices fell in volatile
trading on Thursday as stronger-than-expected June retail sales offset
tamer-than-forecast data on consumer inflation, which fueled an early
rally.
"For now ... you have the perfect economic picture here -- strong spending
with low inflation." said Elisabeth Denison, an economist at Dresdner
Kleinwort Wasserstein in New York.
----------------------------------------------------------------
Perfect economic picture indeed!
How does this relate to your president's current project (to use a polite
term for Iraq), the final duration and cost of which are 100% unknown? You
can't make a value judgement about income without holding it in very good
light next to your outgoing funds.
|