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Description
M2 PRESSWIRE-31 December 2007-Market Review: Global Market Perspective for SPX Corporation(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:31122007
Investors need to turn to the markets these days if even to simply counter the depreciation of their hard earned wealth. Consumer inflation surged by the largest amount in more than two years in November, led by a huge jump in gasoline prices. Inflation also hit home with big increases in the cost of clothing, airline tickets and prescription drugs. The 0.8 percent rise in consumer prices was worse than the 0.6 percent advance that economists had expected. With one month to go, inflation in 2007 is rising at an annual rate of 4.2 percent! This well outweighed the 2.5 percent increase in 2006. There is worry that the jump in energy costs will leave consumers with less money to spend on other items, worsening the slowdown in... |
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