The Shanghai Composite keeps making new highs and is up over 30% since that February 27 'crash'.
Here is a word we will be hearing a lot of over the coming weeks and months;
stag·fla·tion /stægˈfleɪʃən/ Pronunciation[stag-fley-shuhn]
–noun an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity.
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[Origin: 1965–70; b. stagnation and inflation]
US import prices rise 1.7%, more than twice the amount forecast. More inflation worries.
Initial jobless claims rose the most in 2 months. I'm not surprised here. A lot of big companies are laying off employees.
Walmart warns of 'challenging' 1st quarter. If you look at a growth curve, I believe Walmart
is in the 'decay' or decline stage.
Nestle to buy Gerber from Novartis for $5.5 billion in US expansion effort. Not a bad price to pay for 79% of the US baby food market.
The National Association of Realtors see home prices falling in 2007. I'm shocked.' Home prices never decline !' Thats what my Realtor told me.
The futures are pointing to a lower market open. Where the markets go today is anybody's guess.
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