Interesting Inflation News Links (March 18, 2009)

* Consumer prices rise 0.4 percent in February

WASHINGTON – Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades.

* 11:15 a.m. Consumer prices rise

WASHINGTON – Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades.

* Wall Street heads to modestly lower opening (Stephen Bernard)

Wall Street appears headed to a lower opening after a slightly higher-than-expected rise in inflation. Investors are focusing on the Federal Reserve’s policy meeting.Wall Street was lower ahead of the inflation report and is poised to give back some of its recent gains.The Labor Department said Wednesday the consumer price index rose 0.4 percent in February.Investors have a…

* Energy costs are up as food prices drop (Martin Crutsinger)

WASHINGTON – Wholesale prices rose a tiny 0.1 percent in February as a big decline in food prices offset a second monthly increase in energy costs, the Labor Department reported yesterday.

* Consumer prices rise in Feb. by largest amount in 7 months as gasoline, clothing prices jump (Martin Crutsinger)

WASHINGTON – Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades.

* Secondary Sources: Houses and Stocks, Bernanke, Summers, Depression Jobs (Phil Izzo, Wall Street Journal)

Houses and Stocks: On his Market Movers blog, Felix Salmon looks at the similarities and differences in valuations for homes and stocks. Analogies are dangerous things, but this is a good one: houses now are like equities in 2002. Prices are down substantially from their highs, and a few of the most bubblicious assets (dot-com stocks, Miami condos) have imploded spectacularly, but the faith of…

* When falling prices are bad

The rate of inflation is low, and great deals abound on everything from cars and boats to homes and vacations. But the decline in these consumer prices is a double-edged sword.

* Gas, Clothing Drive Consumer Prices Up (CBS News)

Gas, Clothing Drive Consumer Prices Up February Surge of 0.4 Percent The Largest Increase In 7 Months

* Confusion and caution regarding Iran (Michael Gerson, Washington Post Writers Group)

WASHINGTON One of the snippiest arguments between Barack Obama and Hillary Clinton during the Democratic primary concerned negotiations with Iran . Obama pledged to meet with the leaders of various outlaw regimes in his first year as president. Clinton countered, “I dont want to be used for propaganda purposes. Were not going to just have our president meet with Fidel Castro and Hugo Ch…

* Pentagon aims to bring jobs back in house (Government Executive)

Defense contractors enjoyed robust growth in business over the past decade as both the Clinton and Bush Pentagons converted tens of thousands of jobs from government employees to contractor personnel.

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