Producer Price Index (PPI)

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Karl said:
... The difference will either come out of your wallet in the form of higher prices or it will come out of the processors that convert crude to intermediate (and finished) goods in the form of margins. ...
Refiners don't have great margins as it is. I don't see where there is a lot of play available there.
 

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With news of the PPI already showing huge inflation, we now have Europe setting up a 2 trillion euro bailout fund, so today King World News interviewed Michael Pento, of Pento Portfolio Strategies, to get his take on the situation. Pento stated,“Here is why I am so bullish longer-term on the precious metals. You are going to go through these periods where the natural market forces take over and a deflationary depression is pulling down commodities and the markets like a black hole. But fighting that tooth and nail and riding to the rescue will be central bankers throughout the world.”
...
More: http://kingworldnews.com/kingworldn..._Own_Gold,_The_Fed_&_ECB_Have_Gone_Rogue.html
 
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