Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Good morning, everyone. The CPI is out, and, just like the PPI, it came in hotter than expected. I still think it’s a total joke that this “hot” CPI is 3.7% annually. Are you KIDDING me? I sincerely think it’s 3.7 a MONTH. Again, I’m serious. I spending a couple hundred thousand bucks on stuff a year. I know what things cost. And I’m a cheap sumbitch, so I’m sensitive to it. INFLATION ISN’T 3.7%!!!!!!! Good Lord!
In any case, the equities have softened up, at least for the moment.
This morning’s big economic report came out, and for the third month in a row, the month over month producer price index came in higher than expected. A lot higher.
The Fed’s favorite inflation data point was just released, and it came in ice cold. Ostensibly, it was up a mere 0.1% for the month, which was half the level that was forecast.
