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Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM


Primary Symbol: PGMFF

Barclays PLC is a diversified bank with five divisions comprising Barclays UK, Barclays UK Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays US Consumer Bank. The Barclays UK division represents businesses that sit within the United Kingdom ring-fenced bank, Barclays Bank UK PLC and its subsidiaries, and comprises Personal Banking, Business Banking and Barclaycard Consumer UK. The Barclays UK Corporate Bank division offers lending, trade and working capital, liquidity, payments, and FX solutions for corporate clients. Barclays Private Bank and Wealth Management division comprises the Private Bank, Wealth Management, and Investments businesses. Barclays Investment Bank division incorporates the Global Markets, Investment Banking, and International Corporate Banking businesses. Barclays US Consumer Bank division represents the United States credit card business, focused in the partnership market, as well as an online deposit franchise.


OTCPK:PGMFF - Post by User

Comment by porc2019on Jun 11, 2021 7:47pm
122 Views
Post# 33376831

RE:RE:Cpi report points to transitory inflation?

RE:RE:Cpi report points to transitory inflation? "You were reading the wrong CPI report. Inflation percentage rate increased in May over April. "

False. Read what I wrote. I said the MONTH OVER MONTH inflation rate came in LOWER than the one in APRIL. In April mom inflation rate was 0.8%. In May it DECLINED to 0.6%. If it declines again in June (next report) it will be at 0.4% which will be back down to the upper end of the range mom was over the past decade.

You are citing yearly numbers which I dont care about, since they have heavily distorted by base effect (comparing versus crashed pandemic panic prices). Going forward these base effects will reduce more and more and thus the year over year CPI number will decline. 5% might have been the high already. 

Gold sold off today and yields crashed yesterday because the CPI report supported the view that inflation is TRANSITORY as the mom numbers DECLINED. Thats exactly what you would expect if the inflation rate was transitory. 
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