Sweet Jesus, this is bad:The Producer Price Index for final demand rose 1.1 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 1.1 percent in April and 0.7 percent in March. (See table A.) On an unadjusted basis, the index for final demand increased 6.5 percent for the 12 months ended in May, the largest 12-month rise since moving up 7.4 percent in November 2022.This is not Iran.It is the monetary expansion from deficit spending which Trump did exactly nothing to curtail and is now presenting severe cost-push pressure into the supply chain across the board.I pointed this out.......(Click link to read more)