The Producer Price Index (PPI) was u 7.1% year over year.

On a 12-month total basis, the deficit posted $2.6 trillion, representing 12.3% of GDP. While the gap is smaller than a few months ago, it is still near a record share of GDP, outside of the pandemic. The Treasury estimates the deficit for the full fiscal year which ends in September will reach a record $3.7 trillion

Source: Ned Davis Research: U.S. Daily Perspectives and Economics Content List Signal Alert (sorry can’t link to it)

What cannot go on forever, won’t go on forever. But at the moment, no one cares.

By EdwardM