The hawkish tone recently adopted by US Central Bankers and Treasury Secretary Paulson was supported further this Friday morning by CPI data in the US. While inflation is moderate the rising costs of food and energy are proving too much strain. Fears of stagflation are very real at this point. Curing this economy has been a bitter pill to swallow thus far and I am not too convinced that the US economy is out of the woods just yet. Consumer confidence is at historical lows and in the economy of perception, that is about as bad as it gets. Take the Lehman situation as a prime example. Lehman is not dead just yet but in the perception battle it is getting crushed. Economic stimulus has help retail sales, but one question whether it could have...or should have been more.
The following is the days video for ProSticks and Ichimoku:
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