Wholesalers Pay Much More

Consumers paid 0.6% more on May than April, but wholesalers paid more, much more. The producer price index (PPI), the index which reflects the change in wholesale prices, went up 1.4%. More than double the CPI. This is a very bad sign for the American economy, signaling high inflation and rising prices.

Contrary to the PPI, oil prices went down yesterday to below $134. Hopefully they will stay there and keep going down. Those outrageous oil prices make everything more expensive, and soon they will make loans and credit cards more expensive with higher interest rates.

I also started testing a new forex trading system called Forex Funnel. It has a very special trading strategy. I may write a review for it on a Sunday.

Yours,
Nadav

nadavs