US jobless claims rise again this week. Manufacturing PMI data from across the world weakens as world wide inflation continues to surge as all measures of money supply surge upwards. Please join the dots folks. A tsunami of wealth transference has started and is progressively accelerating.. Please be ready and prepared. If you are still in cash the clock is ticking.
US GDP continues to weaken:
http://www.forexnrg.com/u-s-jobless-claims-report-us-initial-claims-inclined-last-week-september-15/
US Inflation taking off with the latest CPI figures released last week beyond the boom year of the 2007 CPI highs .. she is at her 2006 levels and around a percent lower than her 2008 levels when oil hit $150 and soft commodities made nominal highs. Surely news papers should be asking why inflation is so high when demand is so weak but alas they are silent.
http://www.bls.gov/news.release/cpi.nr0.htm
Chart of Euro and US PMI data:
http://www.global-view.com/forex-trading-tools/econ/usmpmi.html
US money supply continues to expand ever onward:
http://www.federalreserve.gov/releases/h6/current/
As does world money supply in fact.. And here some useful charts that fill out some of the issues inc money velocity and consumer debt levels which explain some of the lag in super inflation truely taking hold.
http://nowandfutures.com/key_stats.html
Here Henderson’s latest Sept report on the Global economy inc some nice charts and comments regarding Henderson’s house view that we have a rerun of the 70s.. i say its far far worse than the 70s.. that was a warm up for this, the main event.. imo.. Henderson’s bearish view on the world produces a bullish view on equities.. On this they are correct.. imo..
So we march onward.. things are going to get yet more paradoxical. The greatest wealth transference for a century, perhaps even millennia, on a global basis, is about to occur. The trend of sustaining demand at higher price levels is well underway. Most likely the trends will take a few years before they go parabolic ie until the monetary expansion can be self sustaining through the banking system. But the process has started and is moving forward relentlessly now.
All the best Rich
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