ftse sliding, page-31

re: economic cliffhanger futures point to mixed op "Economists surveyed by Briefing.com expect GDP, the broad measure of the nation's economic activity, to show a 5.8 percent annual growth rate for the first quarter, up from the original 4.8 percent estimate for the period released a month ago. Economists will be closely watching the so called price deflators included in the report to see what is going on with inflationary pressures."

********************************************

5.8% annual growth is a fair clip, there is so much doom and gloom about inflationary pressures and rising interest rates and implications for commodities but the fact is, right now US is booming and so is China and Japan has finally awakened. I think we are trying to think 1, 2 or 3 steps ahead when what is right in front of us is the only thing that is certain...the world economy, for the first time in a long time, is growing in sync. And that is great for resource prices, inflation or no.

There is still massive risk in the markets at this point in time but if we can find our way through this uncertainty period I can see the blue sky :-)