The Market Just Issued a MAJOR Warning of What’s to Come
May 24, 2021 15:17:40 GMT -5
Post by schwartzie on May 24, 2021 15:17:40 GMT -5
EVERYTHING the Bible warned us would happen in the Last Days is ready to begin; the warnings couldn't be more clear. If you don't have a personal relationship with Jesus, you'd better get saved NOW! Even good, sound Bible teachers and pastors who would never set dates admit that it appears the rapture - which is your only hope of escaping what's to come - is most likely going to take place any day now.
The Market Just Issued a MAJOR Warning of What’s to Come
BY PHOENIX CAPITAL RESEARCH
MONDAY, MAY 24, 2021 - 10:02
Well, it’s confirmed, inflation is no longer just running hot… it is ROARING.
The Markit’s US Manufacturing PMI is a monthly survey that interviews managers in the private sector to see what they are experiencing in terms of business.
It’s widely considered to be one of the best gauges for the real state of the economy.
With that in mind the Markit’s US Manufacturing PMI for the month of May 2021 just revealed that the cost for input prices as well as new business at service providers have hit their highest levels since 2009.
As one well known economist put it, “average selling prices for goods and services are both rising at unprecedented rates, which will feed through to higher consumer inflation in coming months.”
Remember, inflation doesn’t just appear overnight. Instead, it slowly works its way into the financial system in phases.
1) Phase 1: Raw material price spikes
2) Phase 2: Factory gate prices spikes
3) Phase 3: Retail prices
The first stage occurs in the manufacturing/ production segment of the economy when you see producers suddenly paying more for the raw goods and commodities they use to manufacture/ produce finished goods.
We first hit this stage several months ago as the below chart illustrates. The price of raw materials such as copper, lumber and even gasoline are all up triple digits in the last 12 months.
Continued at link
The Market Just Issued a MAJOR Warning of What’s to Come
BY PHOENIX CAPITAL RESEARCH
MONDAY, MAY 24, 2021 - 10:02
Well, it’s confirmed, inflation is no longer just running hot… it is ROARING.
The Markit’s US Manufacturing PMI is a monthly survey that interviews managers in the private sector to see what they are experiencing in terms of business.
It’s widely considered to be one of the best gauges for the real state of the economy.
With that in mind the Markit’s US Manufacturing PMI for the month of May 2021 just revealed that the cost for input prices as well as new business at service providers have hit their highest levels since 2009.
As one well known economist put it, “average selling prices for goods and services are both rising at unprecedented rates, which will feed through to higher consumer inflation in coming months.”
Remember, inflation doesn’t just appear overnight. Instead, it slowly works its way into the financial system in phases.
1) Phase 1: Raw material price spikes
2) Phase 2: Factory gate prices spikes
3) Phase 3: Retail prices
The first stage occurs in the manufacturing/ production segment of the economy when you see producers suddenly paying more for the raw goods and commodities they use to manufacture/ produce finished goods.
We first hit this stage several months ago as the below chart illustrates. The price of raw materials such as copper, lumber and even gasoline are all up triple digits in the last 12 months.
Continued at link