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Rebel Capitalist News

News: Inflation And Unemployment Data Shocked The Market

Rebel Capitalist News

George Gammon

Thrive, Wealth, Gold, Finance, Macroeconomics, Education, Protect Wealth, Real Estate, Learn, Business, Investing, Government, Economics, How To

4.71K Ratings

🗓️ 13 June 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom. ✅Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

Click on a timestamp to play from that location

0:00.0

data on the jobs market, the unemployment rate, or what could contribute to the unemployment rate

0:07.6

potentially going even higher. Let's get right into this article from CNBC and check this out. I want to show you guys some charts from the Federal Reserve

0:16.0

that I think are going to blow your mind as well.

0:18.0

But starting right here, wholesale prices unexpectedly fell. a bit they're expecting an increase

0:27.0

and prices came down now in some ways

0:30.0

obviously this is good

0:32.0

because this gives the consumer a break I mean I was just

0:35.1

in Orlando and the the prices were staggering even for me and I make a little bit of money, you know, I retired was I won 2012, so it's not like I'm hurting for cash, but my goodness gracious, the sticker shock was really unbelievable.

0:54.0

So it's great that we're seeing prices.

0:56.7

Now this is wholesale prices, not what you're paying.

1:01.6

So they're starting to tick down, but then the question becomes why?

1:06.0

Why are these prices coming down? Is it because we're creating more stuff, which would be a good type of deflation or is it because

1:15.6

demand is declining which would be indicative of an economic slowdown. Let's get into this article. The producer price index

1:26.2

so PPI a gauge of prices that producers get for their goods and services on the

1:32.0

open market decline 0.2% for the month against expectations of a 0.1% increase.

1:39.4

PPI was held back, kind of a weird way of saying it. The PPI, I guess, the main contributor to the

1:47.0

PPI decrease, that's how I'd rephrase that, was a 0.8%

1:52.0

decrease in final demand goods prices,

1:56.3

which was the largest decline since October of 2023.

2:02.0

In other economic news, initial claims and unemployment insurance jumped to

2:06.0

two hundred and forty two thousand for the week. That's the highest level and again this is initial

2:11.5

claims for unemployment.

...

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