The Producer Price Index (PPI), which measures wholesale rather than retail prices, reached its second highest level in history in May, shooting up 1.1% in a single month!
The PPI is a strong indicator of future consumer (CPI) inflation since companies eventually pass costs through.
Ambassador Ken Fairfax (ret)
SpaceX is set to become the biggest meme stock in history. It has zero profits and is priced to sell at over 100 times its total revenue.
Why should you care?
Because every index fund--the kind held in most IRAs--will be forced to buy the stock and make Elon richer.
Before today, Trump had declared "total and complete victory" in Iran 17 times. I'm guessing that (a) today will make 18, and (b) it will be no more true that the previous 17.
I generally don't like cross-posting from Twitter, but
Mike Young absolutely nails how the US wound up with a resurgence of the flesh-eating screwworm decades after it had been eliminated.
Section 702 allows the USG to monitor foreign telecommunications without a warrant, which makes it sound like it does not impact Americans. The opposite is true.
The USG has the ability to monitor more than 99% of all phone calls that originate or terminate outside the USA.
1/2
To find out why Trump keeps making these baseless announcement, just look at who is profiting BIGLY from trades on the stock and commodity (oil) markets.
With Trump's it's always about the grift.
Just a reminder from reality...
That means that virtually every international call made or received by an American is being captured and stored. Without the absolute strictest of controls, that data represents a massive potential breach of privacy and the 4th Amendment.
Trump wants to weaponize that data to target opponents.
Ambassador Ken Fairfax (ret)
Ambassador Ken Fairfax (ret)
Ambassador Ken Fairfax (ret)
Ambassador Ken Fairfax (ret)
US businesses’ input costs are rising rapidly as the Iran war’s oil shock continues to ripple through the economy.
