Weekly Economic Update for January 17, 2011
January 16, 2011 by Pete Mitchell
Filed under All Posts, Weekly Updates
“Knowledge is more than equivalent to force.” – Samuel Johnson CONSUMER & PRODUCER PRICES RISE The U.S. inflation rate hit an 18-month peak in December: the federal government’s Consumer Price Index advanced 0.5%. Pump prices were a big factor in that gain: gasoline grew 8.5% more expensive last month. However, core CPI (minus food and [...]
Weekly Update for January 3, 2011
January 1, 2011 by Pete Mitchell
Filed under All Posts, Weekly Updates
“And as we let our own light shine, we unconsciously give other people permission to do the same.” – Nelson Mandela MAJOR INDICES POST DOUBLE-DIGIT GAINS IN 2010 For the second year in a row, bulls ruled Wall Street. When the closing bell sounded on December 31, the S&P 500 was at 1,257.64, having gained [...]
