Thursday, April 14, 2005

MARCH FED MINUTES

Read it and find the HAPPY TALK spin points if you can......?

Try this:

"Inflation in core consumer prices was seen as being boosted a bit by the effects of higher import and energy costs in the near term but still largely contained by continued strong growth in underlying labor productivity and remaining slack in resource markets."

There's more..... But the Fed does seem to be singing from the Wall Street brokerages songbook as usual.

Few out in the REAL WORLD would recognize the economy described in the Fed Minutes as the REAL US ECONOMY....!