As I was watching CNBC this morning, some of the top market experts in the country were admitting what we have been screaming for months. The data we are receiving about inflation is highly flawed.
This morning, Euro Pacific Capital President Peter Schiff, Schwab's Liz Ann Sonders, MKM Partners Chief Economist Michael Darda, and Banc of America Securities Chief Investment Strategist Tom McManus were all guests on CNBC.
I am not sure who started the discussion, but when either Schiff or Darda mentioned that the governments inflation data was flawed, Tom McManus began to shake his head in agreement, and Becky Quick called on McManus to comment.
McManus agreed that the data released by the government does not give an accurate read on inflation, and Schwab's Liz Ann Sonders basically concurred.
My question is simple; why haven't these two high profile market celebrities been yelling this information from the top of the mountain all along? These two are constantly on the "big stage" and could have warned investors like we did several months ago.
Now youć± e beginning to see the value in what we do. We try to tell you what we think may happen, rather than tell you what has happened. I have got to think there is "real value" in the information we provide.
Here are a few examples of the number of warnings I have issued since the beginning of the year;
January 31, 2006- No Inflation Huh...
February 01, 2005- It Ain't What They Say, Its What They Do!
March 23, 2006- A Summary of Why We're Cautious
March 28, 2006- Fed Funds Raised to 4.75%
March 29, 2006- The Market Mirage
March 31, 2006- Believe What You See, Not What You Hear
April 19, 2006- "Hurry, Hide It , Don't Tell Them Why"
April 19, 2006- Gold Closes Up Again
April 25, 2006- "To Tell the Truth"
These are just a few examples of the inflation warnings that I have issued. I would have posted more but my fingers are getting tired from cutting and pasting.


Comments (1)
I missed that session yesterday - I was with clients. Now that they've admitted it where do we go from here - back in the closet?
Posted by Bridget | July 19, 2006 11:31 AM
Posted on July 19, 2006 11:31