Very Scary Price Inflation Indications

Very Scary Price Inflation Indications

Here's some very scary anecdotal evidence on price direction from the ISM's release today:

Commodities Up in Price

Airfares; Beef; Chemical Products; Chicken; Crab; Coffee (2); #1 Diesel Fuel (2); #2 Diesel Fuel (3); Fuel; Gasoline; Medical Supplies (2); Paper; Petroleum Based Products; Resin Based Products; Vehicles; and Wire.

Commodities Down in Price

Corrugated Cartons is the only commodity reported down in price.
Commodities in Short Supply

Crab; #2 Diesel Fuel (2); Fiber Cable; and Pharmaceuticals.

Note: The number of consecutive months the commodity is listed is indicated after each item.

Bottom line, If you don't fly, eat beef or chicken, drink coffee, use gasoline, and just sit on corrugated cartons, prices aren't going up for you.

The price inflation tsunami is coming.

Obama: Economy is speeding up

Oh its going to speed up alright ha ha ha ha $6 gas should be interesting this summer.

Buy Gold folks......