Uh oh, it’s happening


Just took a look at the latest PPI and CPI numbers.  Notice something interesting?

And this:

ppi_capitalIntermediate and commodities too.  And even more so in capital goods.  All at the producer level.

And for Employment Cost Index:


Well, that’s going up too.  Of course, where have the greatest increases been?  Government.  No surprise there.

Helluva path to recovery: fewer workers, fewer jobs, fewer employed, higher costs and inflation.



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