
Nothing in the inflation numbers to make the Fed change course
No inflation to speak of in yesterday’s consumer price data. The headline CPI climbed a scant 0.1% in November. The core inflation rate, which excludes food and energy prices, rose 0.1%.
Potash of Saskatchewan argues higher food prices ahead–that will be good for fertilizer producers eventually
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Joy Global beats by 23 cents a share and raises guidance for 2011–but I think the picture is even brighter
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The euro debt crisis takes another bite at Spain and expands to Belgium. But German opposition to a bigger bailout fund leaves the European Central Bank to fight the problem alone.
Fed decides to stay the $600 billion course and bond prices slide further
Nothing surprising in the news from the Federal Reserve’s Open Market Committee today. The Fed said its plans were unchanged and that it would buy $600 billion in Treasuries in the first six months of 2011 in order to stimulate the economy. Nothing new but Treasury prices still took it hard. Prices on the 10-year Treasury fell and the yield climbed to 3.4%.
Don’t wait for the Dreamliner’s problems to be fixed before accumulating Boeing shares
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What me worry about inflation? China’s leaders raise their target for inflation to 4% in 2011
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Interest rates up, bond prices down–it’s a new world
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Sector Monday: Time to break out the pick and shovel stocks
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