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Thursday, December 24 2009  |  01:48 EDT  | 
DJIA (DIA) S&P 500 (SPY)

Market Currents

Thursday, June 18, 2009
12:54 PM TweetThis
  • "TIPS are worthless indicators as the CPI is bogus, and anyone really concerned about inflation knows this," says Peter Schiff in the ongoing SA live discussion. Which prompts the inevitable: Peter, what market data do you take seriously on inflation? His answer: "I prefer to look at commodity prices, gold prices, and dollars accumulated by foreign central banks and sovereign wealth funds."
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This news story has 1 comment:

  •  
    But commodity prices, gold prices and dollars accumulated by foreign central banks and sovereign wealth funds are not direct measures of inflation, and can all be impacted by extraneous factors.

    For example, if China decides to go on a commodity buying binge and drives up commodity prices, that's not an indicator of US inflation.
    Jun 18 01:11 PM | Link | Reply
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