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
Investmentwatchblog.com
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: http://bonddad.blogspot.com/2013/07/weekly-indicators-oil-choke-collar.html#ixzz2Z1gXtFcI
This Market Collapse Will Shake The World Financial System
The Rest…HERE