Inflation Roars as Producer Prices Jump Most in 6 Years

By Thomson Reuters – Re-Blogged From Newsmax

U.S. producer prices rose in November as gasoline prices surged and the cost of other goods increased, leading to the largest annual gain in nearly six years.

The fairly strong report from the Labor Department on Tuesday suggested a broad acceleration in wholesale price pressures, which could assuage concerns among some Federal Reserve officials over persistently low inflation.

“This demand-led price push from higher commodity prices is a classic early warning signal that consumer goods will also see increasing inflationary pressures,” said Chris Rupkey, chief economist at MUFG in New York. Continue reading

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Precious Metals Bears’ Fear Of Fridays

By Dimitri Speck – Re-Blogged From http://www.Silver-Phoenix500.com

In the last issue of Seasonal Insights I have shown that the gold price behaves quite peculiarly in the course of the trading week. On average, prices rise almost exclusively on Friday. It is as though investors in this market were mired in deep sleep for most of the week.

Upon this I received a plethora of inquiries from readers regarding the corresponding moves in silver. Thus I examine the behavior of the silver market on individual days of the week in this issue of Seasonal Insights.

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Inflation Poised to Roar as Producer Prices Rise More Than Expected

By Thomson Reuters – Re-Blogged From Newsmax

U.S. producer prices rose more than expected in October, driven by a surge in the cost of services, and there were also signs of steady increases in underlying wholesale inflation.

The Labor Department on Tuesday said its producer price index for final demand increased 0.4 percent last month after a similar gain in September. In the 12 months through October, the PPI jumped 2.8 percent, which was the largest increase since February 2012. The PPI rose 2.6 percent year-on-year in September.

Image: Inflation Poised to Roar as Producer Prices Rise More Than Expected
(DreamsTime)

Coal Demand and Prices Surge… As Do U.S. Coal Exports!

By David Middleton – Re-Blogged From http://www.WattsUpWithThat.com

Coal_Price_Soars

Coal prices are on the rise again. With benchmark rates in Australia up over 30 percent since July — approaching the $100/t mark that prevailed in November 2016 after a massive run-up last year.

And a number of events the past week show that things could get even more heated in coal over the coming months.

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Rob From The Middle Class Economics

By Gary Christenon – Re-Blogged From http://www.Gold-Eagle.com

Much of our financial world functions as a “Rob from the Middle Class” economy. The system robs from the middle class and poor via “money printing” and inflation of the currency supply!

The rich get richer and the poor get poorer.

Mazda Crossovers For Moms

After a 15 year love affair with my Mom SUV, it’s time to think about another. I attended the Houston Auto Show to try on cars like shoes.

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The Best Predictor Of Future Inflation Is Flashing “WARNING!”

By Graham Summers – Re-Blogged From http://www.Gold-Eagle.com

The Fed is dramatically understating real inflation.

As you know, I’ve been very critical of the Fed’s inflation measures for years. The official inflation measure (Consumer Price Index or CPI) does a horrible job of measuring the actual cost of living for Americans.

I have long stated that this is intentional as the purpose of CPI is to hide the true rate of inflation so the Fed can paper over the decline in living standards that has plagued the US for the last few decades.

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Coal vs Natural Gas Forecast

By David Middleton – Re-Blogged From http://www.WattsUpWithThat.com

Over the past 10 months or so, articles like this have been a “dime-a-dozen”…

ENERGY TRANSITIONS

Coal plants keep closing on Trump’s watch

Benjamin Storrow, E&E News reporter
Climatewire: Tuesday, February 21, 2017

In the next four years, utilities have plans to close 40 coal units, federal figures show. Six closures have been announced since Trump’s victory in November.

E&E News

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