The Blog of Damocles

The Chronicles of Aaron Employed

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Location: Singers Glen, Virginia, United States

Wednesday, October 18, 2006

In economics news...

So the government released inflation numbers (the ppi) yesterday showing a 1.03% drop (which would be stellar)..... but whoops when you include the price of oil dropping you get what economists call "Core Inflation".... Which shows a .6% increase (oh, whoops, that's bad news - actually 3x what everyone was expecting).

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