Lions and friends… go ahead, make this stuff up.
Inflation at the wholesale level gained more than expected in August, countering recent data showing that price increases have tempered lately.
The producer price index, a measure of what producers get for their goods and services, increased a seasonally adjusted 0.7% in August and 1.6% on a year-over-year basis. That monthly gain was above the Dow Jones estimate for a 0.4% increase.
The mainstream propaganda ministry is DOUBLE fist feeding us this so called “fantastic” retail sales number…
What they will NOT tell you is this: the key component here, as a MAJOR contributory factor, is the 5.2% month-over month increase in the price of gasoline!
Strip that out, and retail sales were actually NEGATIVE!
ALERT! “Liquidity Crisis.” BANKS ARE SEEKING ANOTHER LIFELINE FROM THE FED. Mannarino
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