Pick Your Poison Cherry

It's early in the day and results are not final, but first returns indicate that the 0.1% annual decrease in Spanish core CPI is more interesting news than the accompanying 1.5% increase in the headline number.

Spain’s Core Inflation Turns Negative for First Time - Business Week

Spain Consumer Price Inflation Rises In April - Daily Markets

Aside from the pertinent observations that could be made concerning the very tenuous relationship between information and what is claimed be such by the press, it is interesting that - as various reports are attributing this morning's rout in European stock markets to the Spanish core inflation figure - gold futures are trading up about one and a half percent.

This Google news search will keep the reader apprised of the progress of this winner-takes-all debate.

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