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InvesTech Research

InvesTech Research
Recent months have seen this Future Inflation Gauge, tracked
by the Economic Cycle Research Institute (ECRI), swing into it's steepest rise
in almost 20 years. Although this model dipped slightly in November (down to
114.5 from 115.0 in October), ECRI observes "Assuming the economy continues
to grow, U.S. inflation is likely to remain in a cyclical uptrend." IF
the Federal has not lost control... and IF this economic recovery starts appearing
more normal in the early quarters of 2003... then investors might be surprised
at how soon inflation becomes a problem this time around.
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