Prices Fell At The Fastest Pace Since January 2009

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • Jul 5, 2023 at 10:04 PM EDT

Getting out of control: another key core number absolutely tumbled.

Person Holding Blue and Clear Ballpoint Pen

Image Source: Pexels

Central banks have said inflation risks are all in core price numbers. Here's yet another core instead deeply in deflation, so bad it fell at a rate we haven't seen since the worst part of the Great Recession. And though it may "only" be a producer price figure, history conclusively shows that it - not core CPIs - is the one to follow.

Video Length: 00:18:19

More By This Author:

The Layoffs Have Started
Bank Regulators Quietly Issue New Guidance
The Huge Numbers Behind Bank CRE Exposures

Disclosure:

This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

Click here to sign up for our free weekly e-newsletter.

Comments

Back to all articles

More from this Author

Something Strange Is Happening Inside European Banks

Oil Markets Just Sparked A Worldwide Financial Panic

Canada Sends Huge Warning & Its Spreading To The Rest Of The World