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"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. |
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