haspete's - someone let brutus out - wednesday, page-51

Chinese Data released (fact or fiction doesn't matter does it?)

Oct. consumer prices rise 5.5% y/y, easing for 3rd straight month after reaching 3-yr high in July.
Consensus est. for Oct. CPI was 5.5% among 27 economists surveyed by Bloomberg; prior month’s reading was 6.1%

Oct. CPI up 0.1% m/m
Oct. food inflation 11.9% y/y vs 13.4% for Sept.; non-food prices rise 2.7% y/y
Oct. PPI increases 5% y/y vs est. 5.8%, lower than 6.5% gain recorded for Sept.


Inflation no longer a problem, except if you are buying rice.

DOW futures should turn bullish shortly as a sign of approval.