Core PPI up 9.6% annualized (0.8% MoM) in May

Possible the everything bubble propping up unprofitable tech buying up resources across the supply chain to build infrastructure + tariff inflation + war of choice energy inflation + massive federal spending + unwillingness to hike rates to cool things off ?

Good chance we run the COVID inflation all over again

Awful news for everybody, particularly those in speculative tech jobs.

We may well look back at the attack on Iran as the American tipping point that caused the same kind of financial stagnation as Brexit caused for the UK.

So, how many are getting paycuts this year? Things aren't/haven't ever been suited for me to be a job hopper, and as always that seems to be the only way to have your salary meaningfully keep up with inflation.

CPI vs PPI, in case you’re curious like me …

CPI tracks retail costs and the cost of living, whereas PPI tracks wholesale costs. As such, PPI acts as an early indicator of future consumer inflation.

We are not at a point as a country to have a serious discussion about governance.

The administration in charge (as recently as yesterday) still blames Biden for issues happening on their watch, even though he hasn’t been in officer for 16 months now.

This is not an administration serious about governing, and until we have an administration serious about governing and taking responsibility for their actions, we will continue to have this situation where half the country blames the half not in power for decisions it is making.

Congress of course is somehow worse, as instead of treating the executive like a branch of government they are meant to have oversight of, they abdicate their oversight role and roll over to the wishes of the present administration.

The net effect is those of us that live paycheck to paycheck (which is 2/3rds of Americans) are caught in the middle of a situation that would be deemed fantastical and not realistic to write about if it was described in a dystopian novel.

The Iran war continues with no oversight from Congress, and no authorized war while we pay the price. Vote them all out.

Until the press and the public do not examine the real long term strategies of the US establishment, this won't change.

All you hear is reporting about Trump's daily contradictory statements, "leaks" in Axios that peace in Iran is imminent, then 40 tomahawk missiles. Next are probably fake peace talks again.

Until the press grasps that the US establishment wants a protracted forever war that hurts the EU, Japan, and India, no change will occur. The US wants to force investment of these countries in building valuable industrial infrastructure in the US and shake them down with high US energy imports.

The US population is suffering collateral damage. The billionaires are willing to take that sacrifice.

This is what you get when you elect a mad king. "I love the inflation" - Donald Trump.

Can't wait for AI to bring the prices of all goods to near zero :)