NEWS

Following yesterday's slower than expected rise in consumer prices, this morning we see producer prices following a similar path with Core PPI dropping by the most MoM since April 2020 (-0.1% MoM vs +0.3% exp), slowing the annual pace of change for producer prices to +3.4%…

Source: Bloomberg

The headline PPI was unchanged MoM (considerably slower than the +0.3% expected)…

Source: Bloomberg

PPI summary: 0.3% increase in prices for final demand (more…)

Breakthrough Energy, the umbrella organization for Bill Gates' climate change programs, slashed its grantmaking budget last month and has begun laying off US and European workers. This comes as the Trump administration shifts its focus away from inflation-driving (also de-growth) and unreliable green technology, instead boosting proven fossil fuel power and investments. It also coincides with Elon Musk's DOGE dismantling USAID.

Decarbonization news website Heatmap reported one (more…)

Authored by Roham Jaberi via The Mises Institute,

Prime Minister Starmer promised to “secure the highest sustained growth among the G7 nations” prior to last year’s general election. However, under the new government, the UK economy continues to struggle to grow. GDP growth was positive in the first half of 2024, but stalled in the second half. The third quarter of 2024 experienced 0.0 percent growth compared to the previous quarter, although it was forecast to be at least around (more…)