The Peter Ships Show.

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Well commodity prices continue their ascent as do consumer prices in general.

And in fact consumers are now waiting longer and longer to receive the shipments of their

imported merchandise.

More and more companies keep coming out and announcing impending price increases due

to rising production and raw material costs.

Look at what happened with bond yields today spiked up a bit.

In fact the chart looks like we may be getting ready for another leg up in long term interest

rates and down in bond prices.

We'll see if that takes the US stock market down for another correction.

But what I'm more interested in is Jerome Powell's press conference following the FOMC

statement that we're going to get tomorrow where Powell is again going to have to say with

a straight face that there is no inflation and that what we're witnessing is just transitory.

And of course most people in the mainstream seem to believe the Fed the only other person

other than myself really that I've heard challenging the Fed and not buying into this nonsense

is Jeff Gunlock.

In fact I was listening to an interview that he did with BNN Bloomberg.

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