Truth in Wealth Building

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Consumer prices grow for a fifth consecutive month

The International Energy Agency warned that OPEC global oil capacity is constrained, providing further evidence that global oil markets are generally balanced. (LPL) The consumer price index increased 2.9% year over year in June, marking the fifth straight monthly rise. Core CPI (which strips out food and energy prices) rose 2.3% year. (LPL) New applications…

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Is Oregon Biz Friendly?

The Labor Department said U.S. producer prices increased 0.3 percent in June. In the last 12 months the PPI is up 3.4 percent, the largest gain since November 2011. Inflation is gradually rising against the backdrop of a labor market that is near or at full employment. Oregon placed 19th in the CNBC best states…

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Biz is Optimistic

NFIB’s Small Business Optimism Index for June was the sixth-highest reading in survey history. The index saw a 0.6-point decrease to 107.2. Since December 2016, the Index has averaged 105.4, significantly above the 45-year average of 98 and nearing the all-time high of 108.0 in July 1983. Bizwomen reports customers who tried but were unable…

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The Yield Curve

One of the most popular market-related discussions recently is on the yield curve. The reason being the yield curve (as measured by the 2-10 year Treasury spread) is at its flattest level since right before the financial crisis. Also, the past nine recessions have all been preceded by an inverted yield curve. It is important…

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Home prices jumped

Ford’s slump in China intensified, with vehicle sales tumbling 38 percent in June and the automaker recording its worst ever first-half there as buyers shunned its aging models. (Reuters) Roughly 70 percent of all Chinese fireworks entering the United States come here under the control of a Chinese businessman who has used his influence to…

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Jobs and trade

The U.S. and China slapped levies on $34 billion of each other’s exports, the first tangible shots in a trade battle that both sides are bracing to fight for months—if not years. The new levies took effect after midnight Eastern Time in the U.S. In response, a commission of China’s State Council said it applied…

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