(3) With wholesale price increases (8.7%) running ahead of retail price increases (6.2%) that means more retail price increases are already built into the supply chain.
The 2.4% diff is essentially an inflation lag already in the supply chain (raw material, intermediate, final).
(1) A thread on Producer Prices, useful because *tomorrow* the Consumer Price index will be released.
It's important to know how they interplay and why one being higher than the other is a key indicator.
(2) The “producer price index” is essentially the tracking of wholesale prices at 3 stages: Origination (commodity), Intermediate and Final. The final product inflation rate in July (reported in Aug) was alarming at 7.8%. We warned of more inflation flowing into the supply chain.
(3) Today, The Bureau of Labor and Statistics (BLS) released stunning price data for October, showing a dramatic 8.6% price increase in Final Demand products at the wholesale level. bls.gov/news.release/p…
The *advanced* estimate is 2.0 percent, caused by a massive drop in consumer spending. I will bet you a donut the November revision will be much lower.
1) Last thread on current FBI motive to throw a bag over Deripaska.
Remember, Lisa Monaco is Deputy AG, and John Carlin is back in the DOJ-NSD position. Both of them participated in the illegal political surveillance operations against candidate Trump (that involved Deripaska)
2) Byron York previously outlined documents showing the communication between Trump Dossier author Christopher Steele and DOJ official Bruce Ohr.
3) Within the early 2016 discussions, Chris Steele appeared to be advocating to Bruce Ohr on behalf of Oleg Deripaska who was banned from travel into the U.S. by the State Department.
1) The story of the Russian hookers peeing on Donald Trump almost certainly came from a Russian billionaire named Oleg Deripaska.
2) Christopher Steele was actually a contracted employee of Deripaska, at least Deripaska was paying Chris Steele for some type of work in the U.K.
Find video of Tom Cotton questioning Chris Wray about Steele working for Oleg. It's out there.
3) Oleg’s U.S. lawyer was a guy named Adam Waldman. You might remember that Adam Waldman was also the legal liaison between Chris Steele and SSCI then Vice-Chairman Mark Warner.