Larry Levin's Morning Perspective

Priceless

There was a lot of economic data yesterday.  Let’s have a look-see… 

1. Inflation (CPI)?  100% WORSE than expected? – Check
2. Current account deficit horrible? – Check
3. Empire State manufacturing data 145% WORSE than expected? – Check
4. Industrial Production still in the toilet? – Check
5. Weekly jobless claims FAR WORSE than expected?  Yes, AGAIN – Check
6. Philly Fed Survey WORSE than expected? – Check
7. Global central banking INTERVENTION ignites the 3rd consecutive preposterous hopium rally with a Dow close of +186 points!  PRICELESS!

I dropped the “free market” rhetoric years ago.  Have you?