Wednesday, December 15, 2010

Treading Water

Inflation numbers for November are in and they are just as flat as they have been for the last several months.

U.S. consumer prices rose slightly less than expected in November, while prices excluding food and energy edged up for the first time since July, according to a report on Wednesday that implied virtually no inflation pressures amid an anemic recovery.

The Labor Department said its Consumer Price Index nudged up 0.1 percent as energy prices rose by the smallest in five months, slowing from a 0.2 percent increase in October. Core CPI ticked up 0.1 percent as expected, after being flat for three straight months.

The fierce urgency of...nothing.

You'd think people in Washington would want to do something about the economy, but frankly nobody seems to give a damn one way or the other.

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