What I Read This Week…

chamath.substack.com · 971 words · saved by 1 readers

CPI holds steady while PPI sees large monthly increase, Europe continues to lose IPO listings to the U.S., researchers develop an AI model that can detect inner monologue with 74% accuracy, and more.

Caught My Eye… 1) The Bureau of Labor Statistics reported that CPI increased 2.7% over the past year and 0.2% in July, broadly in line with expectations and signaling that inflation at the household level is steady. By contrast, PPI (producer prices) increased 3.3% year over year, with a 0.9% monthly increase that was the largest in several years and well above forecasts of 0.3% to 0.4%. What’s going on? CPI is calculated from a representative basket of goods and services, weighted by typical household spending, while PPI measures the prices producers and wholesalers receive for goods and…

What I Read This Week…

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