Truth in Wealth Building

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What inflation?

Producer prices rose for a second straight month in May by 0.4%. In the 12 months through May, the PPI slipped 0.1%. Energy prices jumped 2.8% in May and prices for services rose 0.2%. (Reuters) Industrial production fell 0.4% last month. The output of consumer goods declined 0.7%. Business equipment spending also faltered, down 0.7%….

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We keep buying lots of stuff

Retail sales rose 0.5% in May. It was the second straight month of gains as sales grew 2.5% from a year ago. Auto sales rose 0.5%, receipts at service stations increased 2.1%, and sales at clothing stores increased 0.8%, the largest gain since November. Online retail sales shot up 1.3%. Sales at electronics and appliance…

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More negative interest-rates

The Federal Reserve begins a two-day meeting today as worries about Britain exiting the EU seeps deeper into market psyche. No interest rate hike is expected at this meeting. But the world does not seem to care as interest rates are lower with the US 10-yr bond at 1.59%, the German 10-yr at a negative…

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Interest Rates Fall

U.S. stocks are lower this morning, ensnared in a global selloff of more than 3% percent in China and Japan. This comes ahead of this week’s Fed meeting and Britain’s upcoming vote on whether or not to stay in the EU. (CNBC) Consumer attitudes were stable in June. The Index of Consumer Sentiment hit 94.3…

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Financial Focus Hour 2 for June 11th show

Hour 2 ready to listen to right now, commercial free!

Friday morning selloff

J.M. Smucker posted quarterly profits of $191 million. They posted a loss at the same time last year. The maker of jams, peanut butter, syrups and more had sales of $1.8 billion. For their just completed fiscal year, the company reported a profit of $689 million. Smucker shares are up 8% in 2016 and up…

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