This is a great PPI number. We have literally no wholesale inflation in the U.S. economy. The PPI went down, the core PPI was unchanged, and over the past year wholesale prices measured by the core PPI are barely up at all. Bruce Steinberg
Motivational, Inspirational, Funny Quotes
![Oddly, the statement accompanying the [cut] was uniformly negative in its assessment of the economy, which would have been consistent with a bigger move. We assume [Fed policy makers were] divided and that the smaller move allowed a consensus to be formed. - Bruce Steinberg Quotes](/pic/img/img.php?text=T2RkbHksIHRoZSBzdGF0ZW1lbnQgYWNjb21wYW55aW5nIHRoZSBbY3V0XSB3YXMgdW5pZm9ybWx5IG5lZ2F0aXZlIGluIGl0cyBhc3Nlc3NtZW50IG9mIHRoZSBlY29ub215LCB3aGljaCB3b3VsZCBoYXZlIGJlZW4gY29uc2lzdGVudCB3aXRoIGEgYmlnZ2VyIG1vdmUuIFdlIGFzc3VtZSBbRmVkIHBvbGljeSBtYWtlcnMgd2VyZV0gZGl2aWRlZCBhbmQgdGhhdCB0aGUgc21hbGxlciBtb3ZlIGFsbG93ZWQgYSBjb25zZW5zdXMgdG8gYmUgZm9ybWVkLiA=&author=ICBCcnVjZSBTdGVpbmJlcmcgICAg&num=10 "Oddly, the statement accompanying the [cut] was uniformly negative in its assessment of the economy, which would have been consistent with a bigger move. We assume [Fed policy makers were] divided and that the smaller move allowed a consensus to be formed. - Bruce Steinberg Quotes")
![Consumer spending, which [has] kept the economy afloat, should decline in the third quarter and lead us into a formal, albeit shallow, recession. - Bruce Steinberg Quotes](/pic/img/img.php?text=Q29uc3VtZXIgc3BlbmRpbmcsIHdoaWNoIFtoYXNdIGtlcHQgdGhlIGVjb25vbXkgYWZsb2F0LCBzaG91bGQgZGVjbGluZSBpbiB0aGUgdGhpcmQgcXVhcnRlciBhbmQgbGVhZCB1cyBpbnRvIGEgZm9ybWFsLCBhbGJlaXQgc2hhbGxvdywgcmVjZXNzaW9uLiA=&author=ICBCcnVjZSBTdGVpbmJlcmcgICAg&num=8 "Consumer spending, which [has] kept the economy afloat, should decline in the third quarter and lead us into a formal, albeit shallow, recession. - Bruce Steinberg Quotes")
