Fwd: [Morris Smith Group] Fwd: Putting the weak consumer into context....

[Robert Kurlander]

Begin forwarded message:

From: morris...@gmail.com
Date: May 22, 2014 at 10:50:20 AM EDT
To: Undisclosed recipients: ;
Subject: [Morris Smith Group] Fwd: Putting the weak consumer into context....

This is every year!

Sent from my iPhone

Begin forwarded message:

From: Andrew Lester <ales...@gmail.com>
Date: May 22, 2014 at 8:27:44 AM EDT
To: undisclosed-recipients:;
Subject: Fwd: Putting the weak consumer into context....

Date: Thu, May 22, 2014 at 8:07 AM
Subject: Putting the weak consumer into context....
To:

The Fed may be talking about an absence of inflation, but it sure seems like these price increases represents a real headwind.  Not included here is rents, which are also at all time highs, as well as the added cost of Obama-related healthcare costs.  Yes, wage growth is what really creates sustained inflation, but it sure seems like the cost of living has increased smartly this year, regardless of what CPI is reported.  That the S&P is up in the face of this is pretty impressive.

 

1.    CRB Foodstuffs Index +21.9% YTD

2.    CRB Commodities Index +10% YTD

3.    Coffee +57.6% YTD

4.    Nickel +42.1% YTD

5.    Lean Hogs +28.3% YTD

6.    Soybeans +19.2% YTD

7.    Cattle +15.4% YTD

8.    Palladium +15.4% YTD

9.    Orange Juice +10.9% YTD

10.  Oil +7.9% YTD

 

 

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