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Monday, August 02, 2010

Fear Of Deflation tilting towards US now

Recent data are responsible for the worries. The consumer-price index rose 1.1% in June compared with a year earlier. Friday's report on second-quarter gross domestic product showed the underlying inflation rate—which excludes volatile moves in food and energy prices and is closely watched by the Fed—increased 1.1%, the lowest reading since the first quarter of 2009. St. Louis Fed President James Bullard last week warned of a Japan-like period of deflation and slow growth. Investors Giants are piled their bets on golds majorly and dumped US Treasurys.
So as market shouting be alert and start reshaping our portfolios.........BEST OF LUCK!!!

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