Consumer prices rose 5.1 percent from a year earlier, driven by food costs, a statistics bureau report showed in Beijing today. That was more than the 4.7 percent median forecast in a Bloomberg News survey of 29 economists. In October, inflation was 4.4 percent... Inflation may have peaked in November and will probably soften this month as “price intervention” takes effect and the impact of earlier price increases washes out of year-on-year comparisons, Wang Qing, a Hong Kong-based economist at Morgan Stanley, said in Dec. 6 note. http://www.bloomberg.com/news/2010-12-11/china-s-inflation-tops-5-adding-pressure-for-wen-to-raise-interest-rates.html
Comments : Fear factor rises in the markets this week (Bear vs Bull Stock Markets) - Asia and SPX (RSI near 80%)! Buy on Fear (Likely Short and Sharp consolidation, And ... 50% year-end sponsorship by shortists). Bull will continue to charge forward...
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