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SEPTEMBER PPI SURGES 0.8%, WAY HOTTER THAN ESTIMATES
TBI ^ | 10-18-2011 | Joe Weisenthal

Posted on 10/18/2011 5:53:27 AM PDT by blam

Edited on 10/18/2011 5:57:16 AM PDT by Admin Moderator. [history]

The number is out, and it's HOT!

PPI hs jumped 0.8%, well above the 0.2% analysts had expected.

Core PPI, which excludes food and energy, was only up 0.2%, which is still above the 0.1% that analysts had expected.

The culprit? Blame food and energy.


(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: beprepared; bhoeconomy; buygold; buysilver; collapse; conomy; depression2point0; dollar; dollarcollapse; economics; economy; food; getreadyfolks; getreadyhereitcomes; getreadynow; gold; greatestdepression; greatrecession; inflation; norecovery; obamadepression; obamanomics; obamasdepression; ppi; preparedness; preparenow; prepperping; preppers; prepping; prices; selfreliance; shtf; silver; stockup; stockupandsave; survivalism; survivalping; tshtf
FYI:


1 posted on 10/18/2011 5:53:31 AM PDT by blam
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To: blam

If you have been waiting to stock up on food and supplies, now is the time

And I do mean TODAY


2 posted on 10/18/2011 6:01:05 AM PDT by Mr. K (We need a TEA Party march on GOP headquarters ~!!)
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To: blam
Food and Energy are NOT to blame for the increase in inflation. much, perhaps most, of the rising costs of food and energy are manifestations of inflation. Were there no inflation the rising cost of F&E would cause the prices of other goods and services to decline. That has not happened.With a "core" inflation rate of .2% and F&E of .8% the actual inflation rate both of those rates combined in proper ration. The real inflation rate is purely the increase in the money supply. Insofar as that additional money is kept idle in banks it does not add to the increase in prices but it is nevertheless part of inflation. When the money enters commerce then the aggregate price level will increase at the rate excess money enters commerce added to the new money that is already in commerce and driving those .2 and .8 %s. When that happens then we will get a very rapid ramp up of the prices of almost everything.
3 posted on 10/18/2011 6:12:34 AM PDT by arthurus (Read Hazlitt's "Economics In One Lesson.")
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To: blam

Is a high PPI bad?

Is it an indicator of inflation?


4 posted on 10/18/2011 6:15:40 AM PDT by Reagan69 (I supported Sarah Palin and all I got was a lousy DVD !)
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To: arthurus
"Food and Energy are NOT to blame for the increase in inflation. much, perhaps most, of the rising costs of food and energy are manifestations of inflation.

So...why did gold go down in price? I expected exactly the opposite.

5 posted on 10/18/2011 6:16:17 AM PDT by blam
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To: arthurus
"And I do mean TODAY "

Why today?

6 posted on 10/18/2011 6:17:10 AM PDT by blam
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To: blam

So as long as we don’t eat, heat our homes or go anywhere everthings terrific.


7 posted on 10/18/2011 6:19:56 AM PDT by traderrob6
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To: blam

Thanks for the timely post. The corrupt MSM will bury this inflation story.


8 posted on 10/18/2011 6:23:24 AM PDT by Starboard
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To: blam
The culprit?


9 posted on 10/18/2011 6:30:41 AM PDT by Tribune7 (If you demand perfection you will wind up with leftist Democrats)
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To: traderrob6

That about sums it up.


10 posted on 10/18/2011 6:33:57 AM PDT by JDW11235 (I think I got it now!)
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To: arthurus

Amen

Inflation lags the key indicator .... Gold

The inflation is not limited to the USA


11 posted on 10/18/2011 6:38:04 AM PDT by bert (K.E. N.P. +12 ..posted from the great river road)
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To: blam; mickie
FYI....Betcha don't know PPI means "Producer Price Index" and betcha you were embarrassed to ask.

If you don't live in Acronym World around here you're SOL.

ROFLMAONBCCBSABCCNNMSNBCBTWIIRCFUBOIBTZ

Leni

12 posted on 10/18/2011 6:45:46 AM PDT by MinuteGal
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To: blam

More information:

http://www.marketwatch.com/story/us-wholesale-prices-surge-in-september-2011-10-18


13 posted on 10/18/2011 6:52:08 AM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead.)
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To: MinuteGal
"FYI....Betcha don't know PPI means "Producer Price Index" and betcha you were embarrassed to ask."

Please, please, tell us more. Can you tell us what are GDP, DJIA and YAD?

14 posted on 10/18/2011 7:00:00 AM PDT by blam
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To: blam

I agree with her. Spell it out once and then use the acronyms. It doesn’t matter if you understand it, it matters if everyone (including the newbies) has a chance to understand it.


15 posted on 10/18/2011 7:03:06 AM PDT by johniegrad
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To: MinuteGal
OK, smartypants. Tell me what YAK and WHIP are... ٩(●̮̮̃•)۶
16 posted on 10/18/2011 7:13:55 AM PDT by WesG (Without geometry, life is pointless.....)
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To: blam

I thought that number was pretty significant as well, but I would have thought the PM markets would have been bid higher immediately.

The markets always seem to find a way to confound.


17 posted on 10/18/2011 7:16:27 AM PDT by MichaelCorleone (Doesn't anyone love liberty anymore?)
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To: blam; tubebender; SierraWasp; Ernest_at_the_Beach; BOBTHENAILER
The left wingers in control of the Mediots/the Outhouse and the $inate will deny there is inflation.

However, the government's own TIP bonds which protect investors against inflation show otherwise.

Below is a chart of the etf IPE which is an ETF based on TIPS versus the S&P and DOW.

Beside the increase in value for IPE, this ETF has produced good dividends the past year plus.


18 posted on 10/18/2011 7:28:11 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: MichaelCorleone
The 10 Worst Hyper-Inflation Horror-Stories Of The Past Century
19 posted on 10/18/2011 7:28:28 AM PDT by blam
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To: traderrob6

“So as long as we don’t eat, heat our homes or go anywhere everthings terrific.”

You left out: Use electricity, use water, educate a child, buy clothes, buy OTC health products and ______________ (fill in the blank).


20 posted on 10/18/2011 7:31:31 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: blam

Core PPI, which excludes food and energy<, was only up 0.2%

The concept of “Core PPI” always cracks me up. There’s very little inflation, as long as you exclude the stuff that you really need to survive. :-)


21 posted on 10/18/2011 7:33:50 AM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: johniegrad
"I agree with her. Spell it out once and then use the acronyms. It doesn’t matter if you understand it, it matters if everyone (including the newbies) has a chance to understand it."

You're kidding.

I'm affecting someone's chance of learning? That's ridicilous.

22 posted on 10/18/2011 7:34:43 AM PDT by blam
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To: Mr. K; tubebender

“If you have been waiting to stock up on food and supplies, now is the time.”

Lets take your good thoughts a little further.

For over a year on FR, with relatives and friends, I have advocated buying good deals on any food, otc health products and other supplies, when they are really on sale, (if you can use them before they spoil or go out of date).

We get basically no interest on our savings accts, and when we can save 12 to 30% on a staple that we will use, that is an investment.


23 posted on 10/18/2011 7:37:07 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Grampa Dave

My pumpkins weren’t ripening very fast this year. I cut off the leaves which is supposed to accelerate ripening and piled them on the mulch pile. That was about 6 loads for my little John Deere lawn trailer. Just about the time they rotted I found out that all parts of the pumpkin are eddible. That was a lot of food tossed out.


24 posted on 10/18/2011 8:47:23 AM PDT by Cold Heart
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To: blam

The overly rapid rise in gold should have given you a clue. Gold is subject to occasional speculative and panic spikes. That is why when you are tracking something like inflation with gold it is prudent to do it through a moving average, say 200 days. That gives a pretty good picture of actual inflation. Some of the bumps and holes in the price are due to manipulation by central banks but that evens out in the end because the CBs run out of gold to sell to keep the price down. Another source is “paper gold” wherein invented gold is sold as shares in concerns that purport to own gold sufficient to cover all their sales but don’t. Those also don’t last forever and the gold price rises when the paper gold succumbs to the unraveling of the financial origami.


25 posted on 10/18/2011 1:59:59 PM PDT by arthurus (Read Hazlitt's "Economics In One Lesson.")
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To: Grampa Dave

I’ve done that for years

Whenever I go to the store and see something I use that is 50% off (buy one-get one) I get a case (or two)

By now I have so much stocked up I rarely pay full price for anything anymore. I only shop the sales. I could easily go 6 months right now without shopping if I could live without fresh mils and vegetables and meet

And when I need to I will grow my own veggies and hunt for meat


26 posted on 10/18/2011 3:38:26 PM PDT by Mr. K (We need a TEA Party march on GOP headquarters ~!!)
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To: Mr. K

“Whenever I go to the store and see something I use that is 50% off (buy one-get one) I get a case (or two)”

I learned that from my parents and grandparents.

My wife taught me when beef prices go up, often chicken/pork and some sea food prices don’t and vice versa. So we buy the lesser price meat/protein and stock up on them, when they are on sale. We have a mini freezer besides the good size one on the side of our refrigerator.

We have a great farmers market from May to November. However, this year, we bought a couple of cattle water troughs to raise tomatoes and salads. The troughs make it easier to tend and pick as they are about 3’ high. 3 tomatoe plants have kept us and a racoon in fresh tomatoes since June. The coon likes the Romas and only picks them just before they ripen.

We had to put in a Deer fence to keep the coastal deer from eating my wife’s roses and our garden stuff. So if we had to, they could be our meat with the wild turkeys/rabbits and quail. Our older son and his daughter are good hunters and share their bounty, deer, wild pigs and wild turkeys with us

Soon, we will remove the tomatoes and salad plants from the trough and try our first root vegies. Next year we will plant corn, okra, minature egg plant and other vegies as well as tomatoes and the salad greens.

Our DIL’s family is like ours re loving tomatoes, salads and corn. She has provided most of those produce items with minimal land use. They don’t have to worry about critters, but her cherry tomatoes kept disappearing. I told her to keep an eye on her son/our grandson. His concept of fresh salad was to pick and eat the tomatoes and greens right at the site. He did that this year when he visited. He would go out and baah like a sheep or moo like a calf and eat his really fresh salad where they were growing.


27 posted on 10/19/2011 7:07:35 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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To: Grampa Dave
In case you didn't know- i found that freezing tomatoes is a great way to keep them

dunk them in boiling water for about 15 seconds and the skin peels right off. then throw them in a freezer bag. perfect for making chili.

I had chili all year last year on my supply of frozen tomatoes

28 posted on 10/19/2011 9:35:51 AM PDT by Mr. K (We need a TEA Party march on GOP headquarters ~!!)
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To: Mr. K

Thanks I wasn’t aware of this. If the raccoon leaves us some Romas, we might try this:

“i found that freezing tomatoes is a great way to keep them
dunk them in boiling water for about 15 seconds and the skin peels right off. then throw them in a freezer bag. perfect for making chili.

I had chili all year last year on my supply of frozen tomatoes.”


29 posted on 10/19/2011 10:29:07 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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