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A lie obviously is when someone deliberately makes a false statement in order to deceive someone, or keep from telling the truth. I can say with some degree of certainty that the inflation numbers being reported to us is a lie.

Sure, T-shirts imported from Malaysia or China cost less, but what about the important items that we use and need on a daily basis? The cost of those items are conveniently left out of the inflation data.

All you have to do is look at commodities, gold, energy and real estate. Amazingly enough, these items are real, and something we use everyday. Don't buy the arguement, "excluding food and energy", because it is nothing more than a cover up.

The higher costs of "stuff" has fueled price hikes in the service sector as well. Have you called a plumber, electrician, contractor, or someone to do manual labor for you recently? Heck, even a
sandwich at your local sub shop has increased 20-25% over the past 3 years.

Here are the prices increases of some important commodities from January 2007-May 12, 2007 (source: Econbrowser);

Aluminum: +36.3

Everyday uses: Kitchen pots, frying pans, cookie sheets, dishes, vacuum cleaners, sewing m achines, picture frames, refrigerator trim, lawn chairs, lawnmowers, ladders, gas grills, components in your home computer and other electronic gear.

Other uses: Transportation, Packaging, Building/Construction, Industrial.

Copper: + 83.0%

Everyday uses: electrical, communications, plumbing, heating, cooling, lighting, healthcare, cookware, architecture, coins, drinking water.

Other Commodities:

Government's Inflation Rate: "excluding energy and food, core inflation is up at an annual rate of 2.2 percent."

If you want to know why retail sales have taken a nose drive recently, its because prices for items of necessities have risen sharply. The "necessities" are a small part of the "excluding food and energy" crap we keep hearing.

Now that US construction has slowed, Goldman Sachs (the rulers of Wall Street, Washington,and the Universe) has made a negative call on China. Why? The obvious reason is market speculation, the not so obvious reason is the Chinese government will not follow Treasury Secretary Hank Paulen's (formerly of Goldman) instructions to un-peg their currency.

As the euphoria continues, the Dow and the S&P could go higher in a final blowoff. A brief overbought selloff could set the stage for;

S&P: 1550-1560
Dow: 13,600-13,800

If we hit these targets without a correction, these numbers could be the markets final top.