Following A One Month Break, PPI Resumes Climb, Rises 0.2% From -0.4% Previously, Biggest One Month Surge Since January; Core Rises 0.4%,

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Wed, 08/17/2011 - 08:43 | 1568408 Racer
Racer's picture

"imitation cheese"????????????

And what on earth is that???

Wed, 08/17/2011 - 08:45 | 1568415 Irish66
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Wed, 08/17/2011 - 08:47 | 1568419 narapoiddyslexia
narapoiddyslexia's picture

Styrofoam, painted yellow. Or, maybe, a yellow iPad?

Wed, 08/17/2011 - 08:52 | 1568440 FEDbuster
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"A 2.7% rise in VEAL prices" , really???  The price of fucking veal can influence government statistics?  Didn't soy sauce price drops balance this out, WTF??  Has The Onion taken over the reporting of govt. stats?  If the price of veal is significant, then so is the price of 7.62 x 39.

Wed, 08/17/2011 - 08:57 | 1568461 EvlTheCat
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Wed, 08/17/2011 - 09:21 | 1568570 Bicycle Repairman
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plastic cheese made in China. 

Wed, 08/17/2011 - 10:36 | 1568776 jus_lite_reading
jus_lite_reading's picture

Well its been confirmed that they make plastic RICE so plastic cheese seems truthful...

Wed, 08/17/2011 - 08:49 | 1568431 pazmaker
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vegatable oil made into a solid with nasty chemical flavorings

Wed, 08/17/2011 - 09:06 | 1568493 duo
duo's picture

Remember, the only inflation that counts is wages and key food ingredients:


Textured vegetable protien (from GM soy)

MSG (makes imitation cheeze taste better)

Salt (ditto)

Partially hydrogenized soybean/corn oil

Wed, 08/17/2011 - 09:41 | 1568643 Instant Wealth
Instant Wealth's picture

Hell ! Why not make imitation cheese from imitation vegetable oil ?

Wed, 08/17/2011 - 12:42 | 1569247 RockyRacoon
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I'm working on marketing for instant water.   All suggestions are welcome.

Wed, 08/17/2011 - 08:55 | 1568448 John Law Lives
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Those styrofoam wedges you see mounted on the heads of fans of the Green Bay Packers.

Wed, 08/17/2011 - 09:51 | 1568675 HardwoodAg
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The stuff that Kraft uses in their Mac and Wheeze

Wed, 08/17/2011 - 08:43 | 1568409 HelluvaEngineer
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Wed, 08/17/2011 - 08:46 | 1568418 RunningMan
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Inflation. And the government still spending money to prop up the things that aren't getting more expensive, apparently CHICKENS.

Wed, 08/17/2011 - 08:50 | 1568434 SheepDog-One
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Well, I can assure you chicken FEED is getting more expensive by almost 50% YOY and I have the receipts to prove it. Last July 50 lb of cracked corn cost $9, this July $15.

Wed, 08/17/2011 - 08:51 | 1568438 Caviar Emptor
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Hence the big reported rise in meats

Wed, 08/17/2011 - 08:54 | 1568445 HelluvaEngineer
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Yup.  Last year we gave the deer a tasty treat.  This year they are on their own.

Wed, 08/17/2011 - 09:53 | 1568682 Chump
Chump's picture

And next year if you aren't able to bag several you'll be facing starvation absent other supplies.  Progress.

Wed, 08/17/2011 - 10:55 | 1568823 glenlloyd
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And next year the deer will be your tasty treat.

Wed, 08/17/2011 - 08:47 | 1568423 firstdivision
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With a current PPI core rate at 5% annualized, will the Fed start tightening?

Wed, 08/17/2011 - 08:48 | 1568425 Caviar Emptor
Caviar Emptor's picture

Biflation. Once again. 

Wed, 08/17/2011 - 08:48 | 1568427 eurusdog
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Futures are up 45 min before the open! I hated Crammer in the afternoon and now he pisses allover the morning news too!

Wed, 08/17/2011 - 08:57 | 1568458 FEDbuster
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CNBS has become unwatchable.  Mark Haines RIP.  Rick Santelli move to Bloomberg or Fox.

Wed, 08/17/2011 - 08:59 | 1568467 anynonmous
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"has become"

how about

has been always was

Wed, 08/17/2011 - 09:00 | 1568469 lizzy36
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He is an absolute horror.

Worst guy on CNBC and the benchmark for that particular prize is high. MCC's is a close second. Mostly want to punch her.


Wed, 08/17/2011 - 14:02 | 1569268 RockyRacoon
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Spot on, Liz.   She acts as if she were acting like she thinks a real hard-hitting news person would act.   I think I made the point that it's all an act -- and a bad caricature at that.   Still, she does have big...  never mind.

And that new guy, Brian, he's just Cramer-lite:  Rolled up sleeves, yelling louder than anyone else, shrill voice, talks gibberish.   Think they are grooming him for a replacement?

Wed, 08/17/2011 - 08:49 | 1568428 Caviar Emptor
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Food prices up 0.6%. 

Wed, 08/17/2011 - 08:49 | 1568433 Caviar Emptor
Caviar Emptor's picture

QE3 now in doubt

Wed, 08/17/2011 - 08:54 | 1568443 maxmad
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Yep no doubt no QE3 (at least not for stawks) now fo' sure!

Wed, 08/17/2011 - 08:54 | 1568444 SheepDog-One
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The only one talking about QE is the dork from GS, and his case for QE is a measely $300 billion which has already been priced in many times over since promise of QE to offset all bad news since January and sub DOW 10,000. 

Im watching this clownshow from the sidelines.

Wed, 08/17/2011 - 08:57 | 1568457 Caviar Emptor
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In that case we got a whole lot of re-pricing to do 

Wed, 08/17/2011 - 10:24 | 1568752 Smiddywesson
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I am out of stocks too.  With the gold trade such a no brainer, why play in front of Ben's steamroller? (Unless one is a day trader, they must be very pleased with the Bernank).

Wed, 08/17/2011 - 12:50 | 1569283 RockyRacoon
RockyRacoon's picture trade...

Are you trading or buying?   They are night-n-day you know.   Thanks in advance for your clarification.

Wed, 08/17/2011 - 08:50 | 1568435 MoneyWise
MoneyWise's picture

"2.8% hike in tobacco products"

I'm no smoker, but If I was one, I'd sue US.Gov for
violating human rights.. Common 15 years ago Pack of Marlboro
cost $0.99 at the gas station and now what? $15? in NY state?
Talking about GOLD? Tobacco is the GOLD nowadays, for those
.gov maniacs.
How they are always broke, no matter how much they collect
on tolls and cigarets? Always broke.

Wed, 08/17/2011 - 10:05 | 1568710 MachoMan
MachoMan's picture

Yet another similarity to prison...

Wed, 08/17/2011 - 13:23 | 1569430 boiltherich
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When I was in the service in 76 we bought Marb's for 11 cents a pack $1.10 a carton, now I pay $49.99 for an Apx. 5,000% increase.  Meanwhile my income in the same period has doubled. 

Wed, 08/17/2011 - 08:52 | 1568441 machineh
machineh's picture

PPI report -- Your zero-percent-till-2013 Federal Reserve inflato-dollars at work!

Perry is quite wrong about charging Bernanke with treason. The appropriate and provable charge is racketeering.

Wed, 08/17/2011 - 09:26 | 1568588 baby_BLYTHE
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Quite treasonist to bailout foreign banks to the tune of some 16 trillion dollars while average Amreicans were losing their jobs and being thrown out of their homes, IMO.

Wed, 08/17/2011 - 08:53 | 1568442 Caviar Emptor
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YoY: Core PPI up 2.5%. PPI overal up 7.2%. Nosebleed in a down economy. 

Wed, 08/17/2011 - 09:00 | 1568470 SheepDog-One
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And since the economy is confirmed totaly screwed by any measure, lets power up the robots and bid everything up more!

Hell robots got nothing else better to do, and who knows what kind of mischief they could get into if left idle.

Come on Ben, you can do it just 1 down day! Just for old times sake. What are you really scared of?

Wed, 08/17/2011 - 09:06 | 1568492 Caviar Emptor
Caviar Emptor's picture

True, Sheep. The Bots don't need food. To them, everything is bullish. But without their QE3 wet dream, TPTB gonna throw a tantrum. 

Wed, 08/17/2011 - 09:11 | 1568523 SheepDog-One
SheepDog-One's picture

I look at all this, and keep concluding theyre just delaying, marking off time till some big event happens. None of this in itself is a plan, its just delay tactics.

Wed, 08/17/2011 - 09:30 | 1568599 Oh regional Indian
Oh regional Indian's picture

Agree SD1, the players/enraged bull is/are ready to burst from behind the gates, mauling, goring....etc. Clearly this delay is to allow more pressure to build, or some crazy, esoteric alignment is being awaited. Whatever it is, it's going to be huge!


Wed, 08/17/2011 - 10:31 | 1568765 Smiddywesson
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That is my observation.  The only reason they would throw  around these sums in a hopeless cause is they are just buying time.

However, there is one thing they are doing that doesn't buy them time, so logically, it has to be part of their long term planning.

They are buying gold.  Gold is the answer, and anyone without it is betting on the old system, a system the insiders apparently don't have any faith in anymore.

Wed, 08/17/2011 - 10:20 | 1568745 Yardstick of Ci...
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Let's just hope the bots burst the price of food bubble soon.  I can hardly afford caviar, lamb chops, and lobster at the moment.

Wed, 08/17/2011 - 08:55 | 1568450 maxmad
maxmad's picture

Tyler, can you plz make the comparison between Bernanke and KGB from the movie Rounders... I still think KGB was Bernanke

Wed, 08/17/2011 - 08:56 | 1568451 Caviar Emptor
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Tweet from Nouriel Roubini: 

Hyperinflation! So much for hysterical claims that Fed policy & QEs will cause massive inflation ": PPI up 0.2%, exp. 0.1%"

Wed, 08/17/2011 - 09:02 | 1568477 Tyler Durden
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And Zerohedge response:

Or claims that gold as an inflation hedge will tumble...

Wed, 08/17/2011 - 09:06 | 1568484 SheepDog-One
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Roubini's first blatant mistake is actually believing these less-than margin of error 'official Gubmint numbers'? 

Yea Roubini, we're all just 'hysterical' thats all. Lets see what your opinion would be if you were part of the 25% unemployed, and not some FED butt-boy as you now apparently are.

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