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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (2058)	11/12/2003 9:24:41 AM
From: ldo79	Read Replies (1) of 110194

Snatched from Zeev's IHUB board: * From Bill King and his King Report last evening: * G'morning Joe, Some numbers that almost blew me away! In my view, it's about the rapid build out of the foundations that will support MUCH higher gold and silver pricing at some point in time. Several Monday articles noted that inflation is not only on the rise, it is roaring. Tyson Foods reported a 75% increase in profits due to soaring beef prices, which have doubled from $1 this year. A story in the Chicago Tribune notes that soaring beef prices has led to increased cattle rustling…Eggs are north of $2/dozen from .70 this summer. Milk prices are sharply higher….Shipping costs for raw materials have doubled the past two months on the 41% increase in Chinese imports. China is buying as much raw materials as they can get. Baltic Dry Freight rates were $2,262 on 9/1, but are now $4,560. Rent for the largest bulk vessels has soared to $100k/day from $33k. Steel producers announced another 7% hike by Jan. Coal shipping costs have exploded to $8.5/ton $2.80 three months ago. Grain spot freight rates increased to $75k/day from $20k last year. Soybeans are +32% this year, cotton is +56% this year. Copper is at a 6-year high. Alumina has doubled this year. Canadian pulp shipments to China have been full bore for the past 3 months. Anyone with a modicum of sense and honesty knows healthcare, insurance, tuition, housing and other necessity of life costs are up at double-digit rates. Wrigley boosted gum prices 20%, the first hike in 16 years! Yet Easy Al and various Fed carnival barkers want us to believe inflation is tame so they can continue their bubble policy. PS - Last night, Larry Kudlow said US automakers pay three times as much in healthcare for their workers & retirees as they do for steel.

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