either folks are not buying imported stuff which also helps the trade deficit - two birds killed with same stone .. obviously energy being local is lower .. so is food and apparel too . as some stupid commentators were worried about the price of T-shirts
Wednesday, June 11, 2025
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CPI came hot ...
No surprise there .. market drops about 1p .. no worries there .. but the cause of inflation so far is mainly crude and diesel.. so it's...
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because inflation is a monetary phenomenon .. it rises in proportion to the money supply (mostly reckless spending by congress) or a reducti...
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as Fed have been raising Federal rates (short-term) this year, market has been dropping long-term rates since Jun 15th anticipating downturn...
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And GooG issues new stock to generate $80B to invest in AI buildup .. now that's smart .. but who's?