"NOYB" wrote in message
link.net...

"Doug Kanter" wrote in message
news
"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.

Falling deficit, low unemployment (25 straight months of net job
increases), low inflation, strong retail sales, more first time homeowners
than ever before. Gee, Doug, you're going to have to dig deeper than that
to try to put a negative spin on the US economy right now.



All are meaningless relative to the Iraq project, whose final cost is
unknown. If you discussed your home budget this way with your wife, she'd
dump your cereal in your lap. "Honey, looks like household income will be up
3% by next year". "OK, but the new pool, new boat, 2 new cars....and Buffy
didn't get that scholarship we hoped for". "Well....I have no idea what any
of those things will cost. Does it matter?"

SLAP!