The producer price index numbers measuring the costs that businesses are facing before they get the goods and services on the store shelves or in the delivery trucks, were awful. PPI is now running at 9.6% y/y for Nov, the highest in history of the index.

Now we are told by Joe Biden when he reads the words across the teleprompter that passing a $3 trillion debt bomb bill will LOWER prices. And this just in: smoking is a cure for cancer.