The US Producer Price Index is out for July and it fell for the first time in over two years! But note that prior to 2017, the PPI fell numerous times, yet here we are with a growing economy.
Liquidity moves markets!Follow the money. Find the profits!
But if we look at YoY growth of PPI of annualized data, PPI actually rose and has not been negative since the Obama years.
In terms of the seemingly never-ending tariff wars, it is difficult to compete with China’s money-printing scheme.
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