Another unexpected slide in prices according to the lamestream media as the Producer Price Index fell .4% in July. I predicted this last month based on the large declines in energy and agricultural commodities prices during July. Frankly anyone who’s surprised by this figure is either dangerously clueless or just plain lying. The Consumer Price Index will be out on Tuesday and I’m sure it will show an “unexpected” decline as well.
Business Inventories increased .2% in June, sales jumped 1.2% pushing the inventory to sales ratio down to 1.39. A figure labeled as lean despite being slightly higher than the average over the last 18-months of 1.387. Jimmany Christmas doesn’t anybody bother to look at this stuff before running with it.
This is Caleb Lawrence Registered Investment Adviser Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.
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