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| Thursday Oct 19, 2006
Inflation and natural gasTaipan Group's Dynamic Market AlertBy J. Christoph Amberger---------------------------- -------------------------- Inflation and natural gasby J. Christoph Amberger Peter Morici, a professor at the University of Maryland School of Business and former chief economist at the U.S. International Trade Commission, wrote today for the Asia Times Online under the headline “Inflation Deflation”: “Since September 2005, core consumer prices have risen 2.9%, and the compound annual rate of change for the three months ending in September was 2.7%. “Core consumer price inflation remains above Fed chief Ben Bernanke’s target range of 1 to 2%. However, core consumer price inflation in recent months reflected the continuing pass-through of prior surges in energy prices to non-energy products. Those pressures are now reversing. “Slowing economic growth, moderating housing prices and falling oil and natural gas prices should relieve pressures on both the broader consumer price index and core consumer prices. Inflation should decline the remainder of this year.” Which means that rising U.S. interest rates should no longer be a serious concern keeping investors from putting their assets into U.S. equities. -- New tests indicate that Russian state monopolist Gazprom’s Shtokman field contains at leas four trillion cubic meters of natural gas. Gazprom has already uninvited all foreign energy giants -- among them Chevron, ConocoPhilips, Total, as well as Statoil and Norsk Hydro -- that it had courted previously, intending to exploit the field all by themselves. The gas produced is supposed to be piped to Germany through the new undersea pipeline running at the bottom of the Baltic Sea -- and thus bypassing all those former Soviet and Warsaw Pact satellites that these days might levy taxes, fees and tolls on the Russians. From Germany, liquefied natural gas was slated to be shipped to the United States, where Gazprom wants to carve itself a 10% share of the natural-gas market.
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Earnings Announcements Friday, October 20, 2006 3M Company, Alfa Corporation, Arch Coal Inc, Merck & Company Inc, and Satyam Computer Services Ltd are releasing earnings.
Unlock Dates for October 2006 10/23/06 – Corel Corporation is unlocking 6.5 million shares. Brought to you by http://www.vixtrader.com
Upgrades and Downgrades Advanced Micro downgraded by JP Morgan from Neutral to Underweight. General Dynamics downgraded by Credit Suisse from Outperform to Neutral. Brought to you by http://www.gressor.com Quote of the Day: “No amount of ignorant Hollywood guilt-tripping can whitewash the United Nations’ abject humanitarian failures.” - Michelle Malkin, Oct. 18, 2006 P.S. This stock could return 9-14 times your money… By cornering the best diabetes research in America. You can quietly make a fortune with one stock. For two years I’ve wanted to tell my readers about this company that has the potential to cure diabetes. I couldn’t before because there was one last piece of information waiting to fall into place. Now it has! All the details are in this Special Report. Click here to read it…
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