Here we go again. The Labor Department released the PPI numbers for November, and they are trying to lead us to believe that the 0.7% decline for the month is positive because the expectations had been for a drop of 0.5%. Further more, (and here we go again) they said that the "core" PPI (excluding energy) rose only 0.1%, while expectations were for a rise of 0.2%.
The only thing I know about a "core" is you can't eat it. Don't give us this "core" stuff, give us the "mean" numbers. A "core" of an apple is not very tasty, and either is a "core" of an economic number.
Here's my comment to the labor department, and Wall Street mis-information machine. "Get out of my face", "Talk to the hand".
This morning I was watching billionaire Mayor Bloomberg blast the transit workers of New York for striking. "Hey Mike, Talk to the hand". Don't you realize that the real inflation numbers that are not being reported is killing the average American family. Oh, I get it, you don't care.
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