Red Hot PPI
April 15, 2008 9:48am by Barry Ritholtz
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
What's been said:
Discussions found on the web:Posted Under
Previous Post
WSJ Goes Inflation Crazy!
Apparently the meme of the day is to ignore the PPI and focus on the CPI. Its all good….
Didn’t you get that talking point, Barry?
but the slowdown will bring down inflation, so we are all good!
Cut away Benny!
This looks great for my future grocery bill. I guess I should just stock up on milk and bread. I can tough it out and get use to the smell and taste.
These charts are delusionary low–from my edge of the world–steel.
Price change in steel making components from Feb 2007 to Feb 2008 (check it out at steelonthenet.com):
Thermal coal: 56.7 to 140.6 (147% increase)
Coking coal: 94.3 to 210.0 (122% increase)
Iron Ore: 84.7 to 140.6 (65% increase)
Natural gas: 302.0 to 369.0 (22% increase)
Scrap: 280 to 390 (39% increase)
Now what are the real numbers out there? Is there a hedonic adjustment for coal that just occurred? How about iron ore?
I’m sorry, I’m a little pissed but
F@#$ THE FED!!!!!!
They caused this blasted mess.
Since 2001 when they dropped rate to 1%
the CRB went from 184 to 580. 315% increase.
And thanks to lower interest rates we’ll get more monetary inflation.
Abolish the FED and F@#$ ’em.
I’m sorry, I’m a little pissed but
F@#$ THE FED!!!!!!
They caused this blasted mess.
Since 2001 when they dropped rate to 1%
the CRB went from 184 to 580. 315% increase.
And thanks to lower interest rates we’ll get more monetary inflation.
Abolish the FED and F@#$ ’em.
These charts are delusionary low–from my edge of the world–steel.
The steel industry is elitist and out of touch with the Real America.
These charts are delusionary low–from my edge of the world–steel.
The steel industry is elitist and out of touch with the Real America.
These charts are delusionary low–from my edge of the world–steel.
The steel industry is elitist and out of touch with the Real America.
These charts are delusionary low–from my edge of the world–steel.
The steel industry is elitist and out of touch with the Real America.
You’re not making me feel better about things Neal… Thanks for the info though.
Remind me again what is the logic behind cutting interest rates while inflation keeps getting worse?
I’M MAD AS HELL AND I’M NOT GOING TO TAKE IT ANYMORE
Their plan is to inflate themselves (us) out of debt.