Inflation at 53-year low as QE money printing rages unabated!
- Thread starter Ricter
- Start date
Import and Export Prices
"The economy may be picking up steam based on this morning's jobless claims report which hints at strength in the jobs market and this morning's retail sales report which points to strength in consumer spending. But what steam there may be isn't yet inflationary, based at least on import & export prices where minus signs sweep the data.
"Import prices fell 0.6 percent in May which is the third straight decline. Export prices fell 0.5 percent which is also a third straight decline. Year-on-year rates are mostly negative with non-fuel import prices down 1.1 percent which is a recovery low.
"Import prices excluding petroleum imports are down 0.3 percent in the latest month which points to weakness in core prices. And import prices for finished goods are either dead flat or inching lower. And the same is true for export prices of finished goods which is especially unwelcome for US manufacturers.
"Ben Bernanke referred to the risk of "incipient deflation" in his testimony late last month in Washington and data such as today's underscore his warning. Today's report points to similar price action for both Friday's producer price report and Tuesday's report on the consumer side."
http://www.bloomberg.com/markets/economic-calendar/
"The economy may be picking up steam based on this morning's jobless claims report which hints at strength in the jobs market and this morning's retail sales report which points to strength in consumer spending. But what steam there may be isn't yet inflationary, based at least on import & export prices where minus signs sweep the data.
"Import prices fell 0.6 percent in May which is the third straight decline. Export prices fell 0.5 percent which is also a third straight decline. Year-on-year rates are mostly negative with non-fuel import prices down 1.1 percent which is a recovery low.
"Import prices excluding petroleum imports are down 0.3 percent in the latest month which points to weakness in core prices. And import prices for finished goods are either dead flat or inching lower. And the same is true for export prices of finished goods which is especially unwelcome for US manufacturers.
"Ben Bernanke referred to the risk of "incipient deflation" in his testimony late last month in Washington and data such as today's underscore his warning. Today's report points to similar price action for both Friday's producer price report and Tuesday's report on the consumer side."
http://www.bloomberg.com/markets/economic-calendar/
The real inflation rate is about 8% here in the states.
Of course the true number of unemployed is nearly double the reported unemployed number.
And our true debt is much more than the reported debt number.
Government reported economic statistics have become nothing more than feel good numbers for the ignorant masses. Who are all too happy to see us continue to postpone addressing our problems with any real solutions.
The only reason we don't have 20% inflation is because Obama's policies are keeping the economy in the shitter, Rectum. You dumbass.
<img src=http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=>
http://www.shadowstats.com/alternate_data/inflation-charts
<img src=http://www.shadowstats.com/imgs/sgs-cpi.gif?hl=ad&t=>
http://www.shadowstats.com/alternate_data/inflation-charts