Loading ...PRODUCER PRICE INDEX
There is a Chart for Everything
After just reading Spock’s Interesting analysis of the SPX:$PPI Ratio at His site Spock Global Matrix
I brought up this 75 year chart for the PPI which is a more reliable measure of Inflation than the Politicized CPI
It’s UP 50% in the last 2 years
I think Brandon and the Gang are Right
US is NOT in a Recession…it’s at the beginning of a Depression !
Great chart and info. Thanks FGC and Spock.
Might be what Powell and the FED are looking at? It took the recession (GFC) to bring it down back to the trendline back then. Probably going to need a decent slowdown to get it back to the trendline, again.
If the consolidation pattern is a halfway pattern, the measured move is to 1000 area, for a 300% move higher from here.
Smoke that you brilliant Keynesian economists.
$400 oil possible.
$Gold pick a number with five figures in it.
$Silver three figures.
That breakout at the beginning of 2021 fits in perfectly with my observation of grocery store prices jumping around that time. That chart pretty well describes how things have felt, especially cooking oil which practically doubled in a few months. Everything else started to jump about 20% during that time and take out food (possibly due to oil costs) jumped a good 50% here in Toronto. Strange how wheat flour has been pretty consistent with only a 10% increase and a few things actually went down a bit. Rice (mostly imported I assume) has doubled in some varieties while others have stayed the same (Jasmine scented +75%, brown rice -same, Basmati up 20%)
We must always remember to leave room for the vax death factor in forecasting now. Perhaps it is already adding some deflationary pressure and taken a bit of the edge off rising prices.