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Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Friday, May 13, 2005

CRB Commodities Index -- On Fed's Monitor List

CRB Commods: 293.9

Q1 seasonal commodities price spikes in '03, '04 and a big one in '05 have contributed significantly to the acceleration of inflation. In this link you will see that the CRB is trending down fast. A further decline below the pivot line of 282-283 would tell the Fed that inflation pressure may well abate noticeably going forward.
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