PPI at All-Time Highs

If PPI is growing at 9.8% annually (a record high) while CPI is growing at 7% annually (a 39-year high), who’s eating the difference between what producers bring in and what they must pay out? Just a hypothetical, of course, as profits – like inflation – apparently aren’t that important. Futures are higher on the news.

Meanwhile, DXY is breaking down – which will add fuel to the inflationary fires.continued for members…