Emanuelle Bermudez

PPI declined for May 2024

PPI final price demand was reduced to -0.2% in May, seasonally adjusted. Compared to last month PPI, which was at 0.5%, this is good news. However, Final demand is still up by 2.2%, unadjusted, from 12 months ago. You can find the report here. The decrease for the final price demand for the month of …

Continue reading “PPI declined for May 2024”

CPI remains unchanged for May 2024

Keep this in handy, Consumer Price Index (CPI) is not “inflation”, it’s a measure of inflation. The higher the inflation, the lower the purchasing power of the currency, which means it cost more to buy a product or service. You can see the report here. Remember, this is not seasonally adjusted. For the month of …

Continue reading “CPI remains unchanged for May 2024”

Gold will eventually dethrone the US Dollar

Gold will, eventually, surpass the US Dollar. It is inevitable. Every strong and powerful empires have met their demise at one point or another. Look at the Roman empire, the Ottoman empire, the Spanish empire, the French empire and the British empire. They all have met their demise and are no longer the “top” leader …

Continue reading “Gold will eventually dethrone the US Dollar”

30-year bond auction was great due to strong foreign demand

You can find the report here. The total amount for the 30-year bond auction was $22 million. The bid to cover spread was 2.486. Dealers took 13.7%, while direct bidder took 17.8% and indirect bidder took 68.5% The highest yield was 4.403% with median yield being 4.350%. This was a fantastic auction for the bond …

Continue reading “30-year bond auction was great due to strong foreign demand”

10-year bond auction was fantastic with strong foreign demand

You can find the report here. 10-year bond auction total amount was $39 billion. The bid to cover spread is 2.67. Dealer took around 11.6% Direct bidder took 13.8%, while indirect bidder took 74.6%. This was a fantastic auction with strong foreign demand taking the most chunk of it which proves that there’s still appetite …

Continue reading “10-year bond auction was fantastic with strong foreign demand”

3-year bond was bad due to lower foreign demand

As you can see on the report. 3-year bond total amount sold was $58 billion. Bid to cover spread was 2.43. Dealers took 19.96% Direct bidder took 16%, while indirect bidder took 64.1% Compare to last month report. This was bad, dealers have to pick up the slack due to foreign demand not being in …

Continue reading “3-year bond was bad due to lower foreign demand”

High taxes and regulations are choking business owners

Dallas Fed Services & Manufacturing index was released for the month of May 2024 and, unlike mainstreams media which always seems to report that the economy is doing great, is better to get the source straight from business owners and get a sense of how things are going so far. Each index shows that general …

Continue reading “High taxes and regulations are choking business owners”

FDIC, the federal organization that is responsible for the health of the banks around the US economy, is a complete joke.

The FDIC is one of the several U.S. banking system regulators. FDIC is the agency that oversees banks. One of the FDIC responsibilities is to research banks’ balance sheet and write a report of which bank(s) are in trouble. The chairman of FDIC is Martin Gruenberg. Gruenberg has been with the FDIC since 2005. Gruenberg …

Continue reading “FDIC, the federal organization that is responsible for the health of the banks around the US economy, is a complete joke.”

Core PCE (Personal Consumption Expenditure) decrease to 0.2% for April 2024, better than last month 0.3%.

PCE deflator is describe as the Fed favorite inflation signal. So, for the Fed to see the core PCE decrease to 0.2%, excluding food and energy, will be considered a victory (hint: it’s not) as it’s the lowest increase of PCE for the current year. However, from the same month one year ago, PCE price …

Continue reading “Core PCE (Personal Consumption Expenditure) decrease to 0.2% for April 2024, better than last month 0.3%.”