{"id":196546,"date":"2008-04-15T16:59:00","date_gmt":"2008-04-15T21:59:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/04\/15\/oops-wholesale-prices-surge\/"},"modified":"2008-04-15T16:59:00","modified_gmt":"2008-04-15T21:59:00","slug":"oops-wholesale-prices-surge","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/04\/15\/oops-wholesale-prices-surge\/","title":{"rendered":"Oops!  Wholesale Prices Surge"},"content":{"rendered":"<p>Wholesale prices <a href=\"http:\/\/www.cnbc.com\/id\/5965849\/for\/cnbc\">rose by 1.1% in March<\/a>, analysts had been predicting .4%, and over the past year, it has been 6.9% (I&#8217;m not doing the core rate bull sh@# for a 1 year reading, that&#8217;s enough time to smooth out the noise)<\/p>\n<p>This means that there is more pressure to raise rates:<\/p>\n<ul>\n<li>Lower interest rates make it cheaper to accumulate stock piles of raw materials and keep them off the market.<\/li>\n<li>Inflation fears drive the dollar down.<\/li>\n<li>Low interest rates drive the dollar down.<\/li>\n<\/ul>\n<p>I don&#8217;t expect any interest rate increases in the next couple of months, but we might have seen the end of rate cuts, which have pretty much stopped working anyway.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wholesale prices rose by 1.1% in March, analysts had been predicting .4%, and over the past year, it has been 6.9% (I&#8217;m not doing the core rate bull sh@# for a 1 year reading, that&#8217;s enough time to smooth out the noise) This means that there is more pressure to raise rates: Lower interest rates &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1080,973,1200],"tags":[],"class_list":["post-196546","post","type-post","status-publish","format-standard","hentry","category-currency","category-economy","category-inflation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196546"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196546"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196546\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}