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 …
Tag Archives: finance
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 …
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 …
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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 …
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 …
In 9 years, social security trust funds will be depleted.
You can find the full report here. Social Security Act was passed in 1935. The act purpose was an attempt to prepare for unforeseen circumstances in modern life such as old age, disability, unemployment and so much more. While social security act was noble in its intention, it could lead to some unforeseen consequences, for …
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Fiscal Stimulus is Still Loose
If you looked all around the news, I am sure you heard that Wall Street is screaming for rate cuts because credit is tight and needs to be loose again. However, on May 10, 2024, national financial conditions have been loosed, it sits at -0.53 (negative value means quantitative easing while positive value means quantitative …
Credit card delinquencies is rising, maxing out Gen Z borrowers while dwindling savings accounts is at its lowest since beginning of 2023.
Shocker……. this is a result of reckless spending from the Federal Reserve and US government from giving aids to foreign countries to contracting the US economy with, at best, misguided economic policies, at worst, destructive economic policies. What’s the, predictable, outcome? Increased inflation. Oh, and the public can feel the burden as essential items are …
Physical Gold is not a stock
You can look at the report here. Gold is not a stock. You can’t just sell a gold in a pinch and expect to make a profit, unless the person willing to buy from you is desperate, don’t expect to make a quick buck. If you read my previous post, gold is highly liquid, in …
Consumer Price Index (CPI) came slightly below expectations
As you can see here. Expectations for CPI range from 0.3% – 0.4% MoM. CPI came at 3.4% (0.34%) MoM, slightly below the 0.4% expectations. Not seasonally adjusted: Food, overall, came at 2.2%. The only food price to go down was dairy and related products -1.3%. Eating out/takeout increased by 4.1%. Energy went up by …
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