The Conditions For A “Perfect Storm” Are Rapidly Developing – Spiking Gas Prices, Food Prices, Interest Rates, Deteriorating Housing-Market, And Deutsche Bank Is On The Verge of Collapse

Sunday, July 14, 2013
By Paul Martin
July 14th, 2013

Spiking Gas Prices Have Joined Spiking Interest Rates As The Newest Threat To The Recovery

There was sparse monthly data reported in the last week. Consumer credit increased. Producer prices increased sharply due to the increase in oil prices in June. Consumer sentiment about the present increased. Consumer sentiment about the future, an element of the LEI, decreased even more.

The big story among the high frequency weekly indicators continued to be the spike in the price of Oil, so let’s start with that:

Oil prices and usage

Oil $105.95 up +$2.73 w/w

Gas $3.49 down -$0.01 w/w

Usage 4 week average YoY up +2.4%
Read more:

This Market Collapse Will Shake The World Financial System

The Rest…HERE

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