There Goes The Economy! US Producer Prices Approach Deflation With 0.1% Annual Rise (US Dollar Down -8.2% Since Sept ’22 As Fed Tightens The Noose) Silver UP >2% Today!

confoundedinterest17 #bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Agency MBS, Bank of England, Bank of Japan, Banking, CMBS, CRE, Credit, Cryptocurrencies, ECB, Economy, Existing Home Sales, fannie mae, Fed, France, GDP, Gold, Housing, Inflation, Jobs, Mortgage, Oil, Pension, Powell, PPI, REITs, Retail, Silver, SPX, Stocks, Taylor Rule, Treasuries, Treasury, Uncategorized, Volatility, Wages, Yellen, Yield Curve July 13, 2023 1 Minute

There goes the economy!

As The Federal Reserve is poised to continue it inflation-fighting crusade, the US economy is rapdily approaching DEFLATION. US Producer Price Index FINAL DEMAND fell to 0.1% YoY in June.

Bidenomics, the combination of insane monetary stimulus and insane directed Federal spending towards going green at all costs, is running out of steam. M2 Money growth was last measured to be -4% YoY and the US Dollar is down -8.2% since September 2022.

The good news? Silver is up over 2% today!