Going Down! Export Prices Rise To 18.8% YoY (Highest In History) While Import Prices Rise To 12.5% YoY (Mortgage Credit Availability Plunge With Covid)

by confoundedinterest17

Like what Freddie King sang (Going down), we are going down the drain.

Export prices by end us YoY is up to 18.8%, the highest in recorded history (or since 1983 when they started recording export prices).

Import prices by end use rose to 12.5% YoY.

Unrelated to US export and import prices, the MBA’s mortgage credit availability index slumped with the Covid outbreak and the explosion of The Fed’s Balance Sheet. As I have said before, nothing has been the same since Covid.

Like Freddie King, “I’m Feeling Torn Down” by rising prices.