Economic Reports 04/13/07
Summary: rising gasoline prices, lowered consumer sentiment... demand falling off as imports and exports decline...
PPI showing stagflation on a full tilt boogie... and life is improving for anorexic vidiot teens...
Mich Sentiment-Prel. Apr 85.3 vs prior 88.4, falling to an 8 month low.... ho hum
Trade Balance Feb -$58.4B vs prior -$59.1B Full Report
Inside the number: Waning demand brings a 3rd straight decline. Exports falling 2.2%, the largest drop since 2002.
Imports declining 1.7%, the 3rd straight decline, 1st time since 2001.
PPI Mar +1% vs prior +1.3% Full Report
Inside the number: Rising on food & energy. Gasoline +8.7%, fresh vegetables +13.5%, beef +4.1%, dairy +1.9%, fertilizer +12.7%.
Crude goods +3.2%, intermediate goods +1%, basic industrial materials +7.7%, food stuffs +2.4%
Core PPI Mar Flat vs prior +0.4%. The fall on a drop in motor vehicles (light trucks) -1.2% and computers -2.6%. Ex auto Core PPI +0.2%.
Food and energy costs are surging, while computers & cars are falling.
If you stay at home, dont drive the new car, stay on the computer and don't have to eat, life is not that bad.
PPI showing stagflation on a full tilt boogie... and life is improving for anorexic vidiot teens...
Mich Sentiment-Prel. Apr 85.3 vs prior 88.4, falling to an 8 month low.... ho hum
Trade Balance Feb -$58.4B vs prior -$59.1B Full Report
Inside the number: Waning demand brings a 3rd straight decline. Exports falling 2.2%, the largest drop since 2002.
Imports declining 1.7%, the 3rd straight decline, 1st time since 2001.
PPI Mar +1% vs prior +1.3% Full Report
Inside the number: Rising on food & energy. Gasoline +8.7%, fresh vegetables +13.5%, beef +4.1%, dairy +1.9%, fertilizer +12.7%.
Crude goods +3.2%, intermediate goods +1%, basic industrial materials +7.7%, food stuffs +2.4%
Core PPI Mar Flat vs prior +0.4%. The fall on a drop in motor vehicles (light trucks) -1.2% and computers -2.6%. Ex auto Core PPI +0.2%.
Food and energy costs are surging, while computers & cars are falling.
If you stay at home, dont drive the new car, stay on the computer and don't have to eat, life is not that bad.
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