Data released today (Thursday) shows that import and export prices are still in an overall downtrend from 2009, as shown below.
Data sources: here and here
This downtrend is still in place in spite of the Fed's massive money-printing efforts to reflate prices to those seen leading up to the 2008 financial crisis. The world-wide slowdown in demand has created this downtrend, in spite of the sharp divergence in trend in the stock markets, as shown on the Weekly chart of the SPX below.
This chart definitely does not reflect the reality of this slow-down, as the equity markets seem to be operating solely under the influence of Central Banks around the world, and not on, what used to be, the laws of market supply and demand...they have simply morphed into a 'tool' used by Central Bankers.
In the meantime, the US National Debt continues to accelerate unabated. Since the trend of the markets and this debt continue to rise, it would seem that the markets are simply an accumulation of debt. If you wish to become a holder of debt without seeing increasing demand for actual tangible products, then by all means, continue to buy into this market. At some point, a bigger (and senior) holder than you (Central Banks and banks) will wish to cash in their debt and take payment...that will come from smaller holders...just look to the ECB and Cyprus for a recent example of that scenario.
UPDATE @ 6:00 pm EST - This just tweeted by Bloomberg News...need I say more...
Welcome and thank you for visiting!
The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.
DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Jan. 29 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. Feb. 7 @ 8:30 am ET ~ Employment Data
* Thurs. Feb. 13 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Fri. Feb. 14 @ 8:30 am ET ~ Core Retail Sales & Retail Sales
* Wed. Feb. 19 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Mar. 4 @ 2:00 pm ET ~ Beige Book Report
*** Click here for link to Economic Calendars for all upcoming events