Excluding food and energy the rise was 7.3 percent! So far in 2021 the PPI is up 7 percent. Annualized the rise equates to 10.5 percent. There is nothing transitory about this inflation!
Sep 13, 2021
There Is Nothing Transitory About This Inflation!
For the ninth consecutive month, producer prices rose more than expected. The .7% jump resulted in a 8.3% year-on-year (YOY) gain.
Bitcoin: Horrible Technicals
Horrible week technically for Bitcoin. GBTC had an outside reversal week. It took out the prior week's high, then closed below the prior week's low. The pattern may repeat on a monthly chart too. GBTC already took out the August high. Now it just needs to closed below the August low.
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