More inflation discussion

http://www.cnbc.com/id/41370200 Economists are pointing out that January's super strong ISM manufacturing report could be signaling early signs of inflationary pressure. The prices paid index jumped to 81.5 from 72.5, the highest level since 2008, when oil was spiking in the mid-$140s per barrel. In November, prices paid was at 69.5. Stephen Stanley, chief economist at Pierpont Securities, notes... [more]

http://www.cnbc.com/id/41370200 Economists are pointing out that January's super strong ISM manufacturing report could be signaling early signs of inflationary pressure. The prices paid index jumped to 81.5 from 72.5, the highest level since 2008, when oil was spiking in the mid-$140s per barrel. In November, prices paid was at 69.5. Stephen Stanley, chief economist at Pierpont Securities, notes that the survey also indicated 30 commodities were up in price and none were lower. The report may also bode well for the January jobs report, due for release Friday. The employment component rose to 61.7 from 58.9 last month, the best reading since 1973. Other readings also showed solid improvement, including new orders at 67.8 from 62 and exports at 62, from 54.5. Economy is firing on all cylinders..... [less]