more mixed economic signals; woke cultural revolutions, and a better way
more mixed economic signals; woke cultural revolutions, and a better way
There were four main economic reports out this week: CPI (CPIAUCSL) +0.5% m/m [expected +0.4%], prior -0.1% m/m. Inflationary. Retail Sales (RSAFS) +3.0% m/m [expected +1.7%], prior -1.1% m/m. Expansionary. Industrial Production (INDPRO) +0.0% m/m [expected +0.5%], prior -1.0% m/m. Mildly recessionary. Producer Prices (PPIACO) -1.96% m/m, prior -0.7% m/m. Deflationary. It was a mixed bag. Producer input prices (from commodities) continues to decline, but CPI remains far above the 2.0% inflation rate that the Fed is “transiently” focused on. Much of the CPI inflation is due to CPI/services [+0.6% m/m] which boils down to labor costs. So commodities are cheaper,
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Thanks Dave. One comment regarding the government being able to shut your electric car down since it is electronic, well they could do this with a newer gas powered car ...
