6/21/12

The markets today

Commodities plunging. Gold sinking. Oil slumping. Inflation (consumer prices)declined. Inflation (producer prices) declined. Industrial production down. Philly Fed indicator craters. Productivity down in Q1.

It sounds like deflation and recession are here. The inflation and productivity trends are particularly worrisome.

Yet, what worries our leaders are student loans, same-sex marriage, and illegal immigration.

George Dagnino, PhD, Editor
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager

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