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U.S. producer price inflation declined by more than expected in October. But, what does that actually mean? If we take a look at this chart from Bloomberg, we can see that it looks like inflation for producer prices has been coming down.
We see both the gray bars, which are excluding food and energy, and then the red line, which is the inclusion of food and energy.
I always have to point this out. The reason why you have core inflation readings and then the broader basket of inflation readings when they exclude food and energy to get that core reading. The only reason for that is because, not because food and energy are volatile is because food and energy are necessary.
Timecodes
0:00 What the PPI Decline Means
1:35 Sponsor: Bullion Card
3:22 Easing Cost Pressures
5:04 Market Anticipating Tightening in Federal Reserve
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REVEALED: Best Investment During Inflation
Joe your issue is great until some creates something new. Is new invention out side, unequal your equation.
-The 10th man
"well guys, we had a good run. It's been a pleasure serving with you". -Middle Class
The stock market has been a really tough one this past year, but I watched an interview on CNBC where the anchor kept mentioning " karina mattis ". This prompted me to get in touch with her, and from August 2022 till now we have been working together, and I can now boast of $540,000 in my trading portfolio.
That card is going to work just as well as my BlockFi card
Credibility down, but clicks up. What do you do.
Are mortgage rates gonna be above 10% next year and way higher then that by 2024?
Make a budget in excel with 2 columns, the first is minimum possible per category, the second is comfortable or normal per category. The difference is your discretionary expenses. Seems obvious, but that discretionary spending % is an important metric in budgeting (that treasury departments don’t seem to understand, lol).
Not really much to up date I guess more of a business as usual video… eventually a pivot will happen… really? It's funny watching some of my favorite channels are really trying to just make that money but don't actually have any news to report. But they become part of the information overload problem. Then blame the youtube algorithm but really people unsub them. Joe I don't want this to happen to you man. Go for quality over quantity. I love 95% of your stuff, cheers.
My fiat isn't trash. I buy those essentials you mentioned with it
Wouldn't it be nice to hawe two indexes.
One for shelter, food, and energy, which drives what oeople need to survive.
The other index for ecpverything else.
The USA seems to be a very undeveloped country for statistics.
In Sweden, we used to think that good statistics were important for good governance.
And the state of governance in the USA seems to need some improvement.
Much of the economic debate in the USA seems to be about what the real economy is, behind the faulty statistics.
You never get to the more interesting debate of what to do to improve things!
Although, your politicians seem to like confusion, almost as much as money printing.
On the bullion card you prommote, we all know they don't have the physical metal to back a 100% physical delivery for everyone.
And it will end like all the other scams prommoted like, crypto, nft, ftx and art shares.
i hope those are real bars
No pivot in near sight. 2 yr bonds on a slight downturn, but still miles away from the Fed noticing. A crash will come just after the pivot, as EVERY time before. Look it up.
Levelling off inflation to 5% is not a Fee Pivot.
if you think the Fed is gonna pivot you're delusional
Bottom line is that nobody knows what’s going to really happen and when because the rules constantly change and interventions constantly happen and so much is kept secret.
biden drained the spr to save the mid terms , prices will now go back up
Inflation has not declined look at a dozen eggs look at a lot of things that people use every single day they have not declined. Again collapse artificially low interest rates are the drugs for Wall Street no matter what the cost of the country is
When people stop paying for anything else than food and energy, that means also that the economy is getting more and more simplified, and when from country's viewpoint versatile economy is major building block for having abundance, people having no money to buy the stuff other than food and energy, is really bad thing.
What is the Fed selling off their balance sheet to make it decline? Bonds of short duration?
Actually it’s not a sign of destruction yet so everyone is wrong
Just a fun fact: About food and energy buying and Maslow law. In Romania, immediately after WW2, for a few years, in the COUNTRYSIDE nobody bought food and energy. Everybody produced it's own food, clothing, everything. Wood for heating, horse for transportation. The population received rations of salt, oil and sugar from the state. Even if they had the money to buy there were no stores anywhere except in the big cities. So it is possible for the population to not buy food and energy if the situation really gets out of hand..
Ignoring food and energy is such bs. All the "reasons" are just excuses for the elites to avoid looking like incompetent idiots. The thing is, an economy exists to SERVE the needs and wants of the people for goods and services. Thus the purpose of metrics ought to be measures of how well the economy is serving that purpose. And since producing and providing food and energy is a core part of that purpose and is a significant factor of the experience of the people as to how well the economy is serving them, to exclude or downplay food and energy should really be an academic crime against intellectual honesty and properly assessing an economy.