Today's core wholesale price report breaks the nine-month-string of producer prices increasing year over year at 3% or more, but as always there will be revisions

 Here are the current June 2025 yoy figures for core producer price increases Dec-Jun, followed by the figures reported the previous month, followed by the figures as originally reported:

December 2024: 3.74%, 3.74%, 3.5%

January 2025: 3.92, 3.92, 3.6

February 2025: 3.73, 3.74, 3.4

March 2025: 3.86, 3.91, 3.3

April 2025: 3.13, 3.18, 3.1

May 2025: 3.20, 3.02 (revised up as predicted)

June 2025: 2.60.

 

The optimism of the original figures has been removed by the revisions to Dec-Mar available only but lately.

 

December and January revisions alone still hold fast today, but not thereafter.

 

As always it is important not to press the monthly results too strongly, but the May revised uptick is consistent with a down-up, down-up, down-up pattern which is obviously trending down.

 

Viewed on a semiannual basis, however, we are Wei Tu Hai, and trending Wong Wei Charlie.

 

 

 

 

KAOS denies plan to fire Powell

 

 

 Trump denies that he plans to fire Powell: ‘Highly unlikely’

Electricity posts its highest semiannual average price ever in 1H2025, under Mad King Ludwig

 The average price hit a record 19-cents per kWhr in June.

 

 

Chicken eggs in the United States post their highest semiannual average price ever, under Mad King Ludwig

Natural gas in the United States posts its second highest semiannual average price ever, under Mad King Ludwig

 

The future looks bright for gold

 Trump ‘likely’ will fire Fed Chair Powell ‘soon’: White House official

These people are nuts.

This person lives in the world of unreality and thousands upon thousands upon thousands follow him

 

That core cpi was up sharply is completely meaningless to this person. Who cares what people expected?

He also is mistaken about the Fed's preferred measure, which is NOT this but rather core pce.

Replies to all his posts are turned off, and he follows no one.

That there is so little pushback on this on X proves that American fans of American football have lost the testosterone which animates the game

Mad King Ludwig thinks he can re-name everything.

You know, like a man who thinks he can call himself a woman.

Same denial of reality disease, different expression. 

 

The world plays ‘football’ but the U.S. calls it ‘soccer’: Trump signaled that could change

 

... While the term “football” is widely used for the sport, especially in Europe and much of the world, the U.S., Canada and Australia generally use “soccer” to refer to the game. ...

 

 

 

Bond investors slowly roasting on the turning spit

 

Core cpi inflation in June 2025 is up sharply to 2.93% year over year from 2.78% in May

 

Corey Comperatore dodged nothing

 

 

2024 Was a Year of Bullet-Dodging

Elle Purnell, The Federalist

 

... It’s an ancient mistake to make messiahs out of politics. But likewise, it’s foolish to believe a God who clothes lilies and feeds sparrows is neglectful of the earthly authorities He commands His people to respect. To do either is to think too little of the sovereignty of God. It is the God of Heaven, the prophet Daniel says, who “changes times and seasons; he removes kings and sets up kings.” When doing so spares us from evil, we ought to thank Him. ...

Why do I think we would not be reading this today if God had removed the king instead of Corey at Butler one year ago?

Shall we thank God for the evil visited upon the family of Corey Comperatore? 

 

Different parties, same federal incompetence: Obama's EPA polluted the Animas and San Juan Rivers with 3 million gallons of toxic mine waste, 10 years later Trump's National Park Service burns down the Grand Canyon

Oops.

 

Trump reverses course and equips Ukraine with long-needed air defenses

 

The average vehicle on the road is now 12.8 years old, a new record as of May 2025

 

This index of used car values is still up 39% from the pre-pandemic level of 150 in June 2025

 

Kevin Hassett is full of it as usual

 

Trump tariffs don’t cause inflation because of ‘patriotism’ buying: WH advisor Hassett

 

That makes no sense.

 

Buying costlier U.S.-made goods over foreign goods would naturally boost inflation, quite apart from new tariff differences in price. 

 

Meanwhile the core pce inflation rate in May 2025 year-over-year was 3.88% higher than it was in April, the 65% majority of which is services but still includes goods.

 

That's what the 0.1 point rise from 2.577% to 2.677% means.

 

The May 2025 rate is actually slightly higher than in May 2024, which means we've made no progress in the last year. 

 

 

 

. . . with liberty and justice for all

 

 No Man can be a sincere Lover of Liberty, that is not for increasing and communicating that Blessing to all People; and therefore the giving or restoring it not only to our Brethren of Scotland and Ireland, but even to France it self (were it in our Power) is one of the principal Articles of Whiggism.

-- Robert Molesworth (1656-1725) 

Gallup poll shows backlash to ugly Trump immigration enforcement, record 79% now say immigration is a good thing

 

 The percentage saying immigration is a good thing has been slowly rising since the 2002 low at 52% to a record high 79% now.

The percentage saying it's a bad thing has been steadily falling since the 2002 high at 42%, now at just 17%, a record low.

The ten-point underwater spread in 2002 is now sixty-two points in 2025. 

Donald Trump has completely botched the issue, putting the stink of his ugly behavior on it for the foreseeable future.

More. 

Only fools throw red meat to dogs, yank it away, and act surprized when they turn mad

 

UPDATE: Trump faces revolt over Epstein...

Now Says Obama, Hillary, Biden, Comey 'created files'...

Begs supporters to end obsession...

Rips attacks by 'so-called' friends...

Bongino on Brink...

 

 

Imagine coming in third to this guy at this point