Thursday , July 20 2017
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Here’s Why Bogus CPI Data Won’t Slow Fed Tightening

Summary:
One of my other favorite axioms is that bull markets (or "bubbles," if you please) top out when the news is good, not when everything is already going to hell. Because when the news is good is when central banks pull the punchbowl. They look at the data and see the evidence of asset inflation and dangerous bubbles across many asset classes. And they finally say, "OK, I think you've had enough!"

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One of my other favorite axioms is that bull markets (or "bubbles," if you please) top out when the news is good, not when everything is already going to hell. Because when the news is good is when central banks pull the punchbowl. They look at the data and see the evidence of asset inflation and dangerous bubbles across many asset classes. And they finally say, "OK, I think you've had enough!"

About Lee Adler
Lee Adler
Editor and publisher of the Wall Street Examiner- http://wallstreetexaminer.com and The Wall Street Examiner Professional Edition, a proprietary service for professional investors and sophisticated individual investors.

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