The current telling of the story of de-dollarization — the replacement of the U.S. dollar as the global economy’s primary reserve currency with a new BRIC (Brazil, Russia, India, China)-funded reserve currency — depicts the loss of the reserve currency as a catastrophe that will crush America…
Tech Tumbles to Worst Streak in 6 Years; Crypto, Credit, & Commodities Clobbered…
No rescue from Powell’s pain as Putin’s promises pissed off more people from Poland to Paris over the weekend…
Producer Price Index Records Highest Inflation Rate in History Since Tracking Began…
The “producer price index” is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate and Final. The Bureau of Labor and Statistics (BLS) released stunning price data [Available Here] showing a dramatic 7.8% price increase in Final Demand products at the wholesale level…