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Global Deflation Exports To US Send Import Prices Tumbling Most Since Lehman
Import prices dropped 8.0% YoY (modestly beating expectations of an 8.9% plunge) and 2.8% MoM. The last time import prices started to fall at this pace was a month after Lehman Brothers BK'd. Of course the crash of oil prices is largely responsible as imported fuel costs slumped 16.9% YoY - the most since Dec 2008 (petroleum -17.7%). However, even away from that the price of imported capital goods collapsed the most since March 2009 with the biggest rise in Japanese (foreign central banks) exported deflation since April 2013 (when QE really accelerated).
Great news... everything is cheaper?
As the world's central banks export deflation on to US shores...
And import prices from Canada (mostly oil we presume) have collapsed...
Charts: Bloomberg
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Did I just hear the global fiat toilet bowl flush?
<Still time to be the last one to hit the septic tank. Row you peons, row like your life depended on it.>
I love the smell of fear mongering in the morning.
Plumber's credo : a straight flush beats a full house.
++!1000 LMAO!!
Easy.... easy....... easy there...... calm down
Fuck yes great news. Importing deflation from Europe has helped my bottom line and profit margins SUBSTANTIALLY from this time last year. More to the point it has allowed us to continue making sales into a soft market that would not be supporting pricing levels if the EURUSD was still at 1.37
You should move up from Lithuanian hookers, yo.
Import some beef so I can afford hamburger again. I am tired of using KY before going to the store.
I'd gladly NIRP you Tuesday for a deflation today.
I always thought a plumbers credo was: shit always flows down hill and never put your fingers in your mouth.
I thought it was: .....and payday is Friday.
Indeed.
Does this look like hyper-inflation to anybody?:
http://www.forexfactory.com/#graph=57937
"That's the signpost up ahead - your next stop, the NIRP Zone."
Go ahead Yellen; raise rates! I Triple-Dog-Dare-Ya!!!
[Cash, Bonds, Gold...]
No it sure doesn't.
Get by on less. Feels right.
Hot is on the left, cold is on the right, shit rolls down hill, payday is on Friday, and don't ever, ever lick your fingers. Now you know what you need to know to be a turd herder.
Actually, it's 'your shit is my bread and butter'.
I love the smell .... of Plumber's Butt Crack .... Spackle !
All these "worst since Lehman" articles with the S&P at all-time highs. Needless to say, the Fed has won.
Its not hard to win if your only goal is to push two buttons on a keyboard.
Ctrl + P ?
For the time being.
Distortions eventually correct.
Soft landing trillions in bad debt takes more cooperation than our "leadership's" DNA is capable of.
I agree...under normal conditions, but we haven't had a "revert to the mean" in years. Somehow they are defying logic (and mathematics).
If and when they can demonstrate positive (shit even flat!) agg income levels, or even help anyone that wasn't already rich as Croesus before 2008, it'd be a miracle.
So when do the prices at the store go down. I smell a pile of shit
No one goes to the store it's Amazon and EBay Bitchez!
You do not want to be found in a Walmart do you
Just wear a disguise when you go. Hard to beat their prices on synthetic oil, underwear, socks...........
And so many post-able photo ops.
Just hedonically adjust your diet. Do you know nothing?
I likes me some deflation. Now if healthcare would start deflating, we'd really be talkin sumpin'
The only place i've seen real deflation is in oil/gas prices.
I've yet to see tangible declines in the cost of clothing, transportation, healthcare, utilities, education, etc...
I call Bullshit.
You're not going to see the deflation because it is being consumed by Wall Street as profits.
That's Capitalism budy; buy for less, sell for more.....
Consume or die
Booyahh... Get to work raising those rates Mr. Yellen.
Come on take a look at ebay daily deals and see the quality of the shit people are i buying and importing now. It is utter crap for real cheap no wonder prices are dropping there is nothing even worth buying. even these cars are 80% plastic now. Maybe last 2 years in the sun with a 5 year loan gotta laugh
"'Tis but a scratch."
"NONE SHALL PA-....Hey, come back here!!"
"We at the Fed have enough academic degrees that could fill a dry boat in the Baltic.
"Central planning is best for all serfs.
"Negative rates will continue until morale improves."
Good thing the dollar is so strong right now, otherwise prices would be outlandish.
"if everything is getting cheaper, why are are prices on everything at the store still going up?" he asked rhetorically...
Costs of robots are coming down. Prostitutes beware.
Global deflation has been evident for some time and obvious to many. But most pundits and analysts and economists have ignored its presence in spite of the evidence. Europe is already unable to ignore it. Soon the entire world, including the U.S. will be forced to accept that the deflationary vortex has sucked them in.
http://www.globaldeflationnews.com/inflation-vs-deflation-part-1which-on...
The $DX deflation tide has gone way out...
obviously, you know prices are lower; so why dont you take that into account when you report declines in other metrics?