[PEN-L:6811] Re: Bubble bursts finally with a vengence!

[knowware@xxxxxxxx (Tom Walker)]

APRIL CPI SOARS 0.7%, MOST SINCE GULF WAR.

As Doug can remind us, though, Henry's exuberant expectation may be
premature. But the question remains: how are the authorities going to squeek
through this one? If the surge in the U.S. CPI can be explained as an
anomaly that takes a lot of heat off. Otherwise, the expectation of higher
interest rates looms. An interesting side note:

APRIL CPI STILL SHOWS NO SIGNS OF WAGE-PUSH INFLATION.


regards,

Tom Walker
http://www.vcn.bc.ca/timework/covenant.htm