Friday, April 30, 2004

Wow, I'm doing marketwatch. I don't, however, know what some of these articles are talking about at all. "Inflation has breached the Fed's implied 2 per cent target whether you look at the surge in the broad GDP deflator to 2.5 per cent, from 1.5, or the jump in the core PCE [personal consumption expenditure] deflator to 2 per cent, from 1.2" - WTF?

Anyway, I don't want to be one of them bloggers that posts "impending doom" news but then handily "forgets" to post the other side. Looks like the US economy might be growing in the same way that the UK economy is - I'm not sure if raising interest rates in either place is going to trigger anything, but it's interesting to watch. Hsn't particularly helped the dollar yet, though. Oh, and it looks like China might start pulling back, which is bad news for Tokyo, and others (Oz, NZ, etc). Apparently China's been growing rather rapidly the last few years - so I wonder what happens when they cut back, and we put up our interest rates?

Meanwhile, the debate over respect and privacy vs gaudy capitalist voyeurism rages on, while in Iraq, American soldiers are bastards. (With BBC coverage.)

[ Side note of the day: In an organisation, who's responsible for an individual's actions? Should the "US Army" be responsible for the soldiers it contains? In the same way, is it right to get annoyed with "minions" at call centres? After all, it may not be their fault - they're told to do what they do - but they also have personal choice/responsibility in the matter. ]

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