and the hits just keep on coming
http://biz.yahoo.com/ap/060113/economy.html?.v=14
Yup, there's no US 'core' inflation to speak of ... meaning that price increases in gasoline, oil/natgas, food, medical, taxes etc. don't count ! But if you're shopping for a new SUV or a new computer or new hi-tech toys, prices aren't rising at all. The point that the gov't statistics seem to be missing, but which the international currency markets understand perfectly, is that 80+% of Americans spend the majority of their paychecks on gasoline, oil/natgas, food, medical, taxes etc. and the first things to get 'thrown overboard' when their economic boat starts leaking are new SUV's and new computers and new hi-tech toys !
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