Featured Story
Producer Prices rebounded MoM in May with headline Final Demand PPI rising 0.4% (against +0.1% exp) but it left PPI YoY still down 0.8%…
Source: Bloomberg
Some serious dispersion in the various sector’s price swings…
This rebound was driven by a record surge in food prices…
Source: Bloomberg
Two-thirds of the May increase in the index for final demand goods is attributable to a 40.4-percent jump in meat prices.
Source: Bloomberg
The indexes for gasoline, processed young chickens, light motor trucks, liquefied petroleum gas, and carbon steel scrap also moved higher.
Source: Bloomberg
Conversely, prices for chicken eggs fell 41.2 percent. The indexes for diesel fuel and for plastic resins and materials also decreased.
What will Jay Powell do now that average joe’s cost of living is soaring?
StevieRay Hansen
Editor, Bankster Crime
Don't Miss
Incentives (And Sociopaths) Rule The World
Ryan Murphy, an economist at Southern Methodist University, recently published a working paper in which he ranked each of the states by the predominance of—there’s no nice…
Federal Reserve Chair Jerome Powell Insists There Won’t Be A Recession When All The Evidence Suggests Otherwise
It’s happening again. Just like last time around, the head of the Federal Reserve is telling us that there won’t be a recession even though…
Blain: “Central Banks Are No Longer A Solution – They Have Become The Risk”
“A faithful man will be richly blessed, but one eager to get rich will not go unpunished.” This speaks against the “get-rich-quick” mentality. Looking at…
A brief history of crime, corruption, and malfeasance at American banks
Corruption is a state of decay, pollution, or incorrectness. In the Bible, corruption is one of the effects of sin that resulted from the fall…
The End Of The Dollar As We Know It?
These same money changers were associated with others who engaged in shady business practices in the temple courts. Some sold sacrificial animals, overcharging people who did…
