Five in Ten 3/16/22: Price Shocks Coming

February’s Producer Price Index hit a record increase of 10.0% year-over-year. Added to disruptions in global food supply caused by the Russo-Ukrainian war, expect sharp increases in the price of food in the near future.

5) Russian missile takes out Ukrainian “foreign legion” while Putin recruits Syrians to fight; 4) PPI jumps 10.0% over 2021; 3) Google intercepts restaurant customers with online buying app; 2) Palestinians threaten religious war over Temple Mount; 1) Amazon moves workers from its downtown Seattle HQ because of rampant crime.