Mixed markets across Asia and a lot of red arrows in Europe.
The US Dollar continues to show weakness.As the USD falls, peoples purchasing power declines leading to higher inflation.So how can inflation be under control if the USD keeps heading downhill ?
Inflation concern eases as core prices rise less than forecast despite a surge in CPI due to higher gas prices. Apart from housing, food and gas are most peoples biggest expenses and if we are excluding this from the 'core' whats the use of measuring inflation ?
March housing starts show unexpected increase for 2nd straight month.I hope people take this as a sign of a housing market bottom and start bidding up homebuilder stocks. That way I can put on some low risk shorts.
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