APR PRODUCER PRICE INDEX: M/M: 0.2% V 0.4%E; PPI EX FOOD_ENERGY M/M: 0.4% V 0.2%E
- PPI YoY: 6.5% v 6.7%e
- PPI Ex Food_Energy YoY:  3.0% v 2.9%e

 

APRIL PPI TABLE
                                                APRIL      MAR.      FEB.

PPI, Finished Goods            0.2       1.1       0.3
PPI, Ex. Food, Energy           0.4       0.2       0.5
Energy                                    -0.2       2.9       0.8
Foods                                      0.0       1.2      -0.5
Consumer Goods                 0.1       1.3       0.3
Residential Electricity         1.2       1.1      -0.4
Residential Gas                   5.4       4.2       5.7
Gasoline                              -4.6       1.3       2.9
Home Heating Oil               2.2      13.1      -3.7
Drugs                                    0.7       0.4       1.3
Autos                                    0.4      -0.2       0.8
Tobacco                               0.1        0        0.1
Capital Equipment             0.4       0.1       0.5
Intermediate Goods           0.9       2.3       0.8
Ex, Food, Energy                1.2       1.1       0.6
Crude Goods                       3.2       8.0       3.7
Ex. Food, Energy                7.9       3.5       3.3

 

Core inflation is rising faster, duh!  And the top line number is bogus as we all know for it still claims energy costs have declined.

The market is acting this morning as if it is surprised by the core inflation starting to head up at an uncomfortable pace, and the futures are heading down. We knew inflation data was going to get worse so it is no surprise to us.

I received a chart from our member ‘Steve’ today of the Dow Transports. Thank you Steve, we love it when our members take an active participation.

 

 

 

 

 

 

 

 

 

(Dow Transports - Source: RebelTraders Member - Steve)

Thanks Steve!

 

AIG: CEO SAYS WILL RAISE $20B IN CAPITAL - WIRE CITING INVESTOR CONF

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T. BOONE PICKENS SAYS WORLD OIL SUPPLY FALLING, PRICES CONTINUING TO RISE; COULD SEE $150 PER BARREL IN 2008 - CNBC INTERVIEW
- Believes only natural gas can compete with oil.
- Adds that speculators have nothing to do with high energy prices. "Oil prices are not a bubble."

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United Kingdom:  MOODY’S SAYS DELINQUENCIES ON THE RISE; HAS NEGATIVE OUTLOOK FOR UK CEDIT CARD SECTOR - WIRE CITING REPORT

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Home Depot (HD) - SEES SIGNIFICANT INVENTORY OF HOMES, SEES MORE RISK THAN OPPORTUNITY THIS YEAR  - CEO
- CFO: All departments had "negative sales growth," sees "softness in big ticket, construction," says average ticket dropped 2.8% in Q1.
- Sees "more risks than opportunities" in remainder of 2008.

 

"If Americans ever allow banks to control the issue of their currency, first by inflation and then by deflation, the banks will deprive the people of all property until their children will wake up homeless."

- Thomas Jefferson

 

Opitz: We agree 100%.