The Mogambo Guru
http://www.atimes.com/atimes/Global_Economy/JE22Dj04.html
Dennis
And inflation is everywhere, like in Russia, as Bloomberg.com says, "Russia's inflation rate rose to 14.3%, the highest since April 2003, led by rising food costs", and that "Egyptian inflation accelerated to 16.4% in April", and even in Australia, a place with a strengthening currency, "Consumer prices climbed 4.3% from a year earlier."
And regardless of the embarrassing farce known as the Consumer Price Index, Doug Noland's Credit Bubble Bulletin has looked at actual prices, and says that "The CRB Commodities index closed today at an all-time high, sporting a y-t-d gain of 19% and one-year rise of 37%. The Goldman Sachs Commodities index, also ending at a record high, has gained 28% so far this year and 68% over the past 12 months."
My God! I am stunned and afraid at the rise in these indexes, which mean higher and higher prices, and even then, what is going on INSIDE the indexes is even worse, as Mr Noland demonstrates when he said "During the past year, soybeans have gained 85%, corn 72%, and wheat 68%. Prices for iron ore, steel and hard commodities have experienced similar price inflation. Gasoline prices are up almost 40%, natural gas about 50%, and heating oil about 90% over the past year."
And then there is this one on silver.
U.S. Begins Rationing Popular 'Silver Eagles'; How $1 Fetches $19
http://www.stevequayle.com/News.alert/08_Money/080523.losing.a.mint.html
http://online.wsj.com/article/SB121149011951015323.html?mod=yahoo_itp&ru=yahoo