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Recovery Narrative Breaks As Real Wage Growth Slowest Since November
Following a small dip in May CPI ex Food & Energy YoY, June saw a rise of 1.8% (as expected), hovering near the highest since October. Headline CPI continues to trot along the flatline (printing +0.1% YoY as expected) enabling monetary policy to run amock hyperinflating financial assets whicl standards of living continue to drop. However, all of this pales when compared to the continuing slide in real wage growth which has slowed almost every month since its peak in January and now stands at 7 month lows. Not what the 'narrative' wants to see...
There's no inflation, right...
And now wage growth is slowing...
So what data - apart from The Fed - is Yellen dependent on... because these do not scream raise rates.
Charts: Bloomberg
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When they speak of recovery, they are only interested in the top 1% and if they have accomodated them in getting all their money back since 2008 and given them a huge leg up into the next collapse. Real wages do not apply to the voting/working public, this is for the banking cartel and people like Sores.
We don't need no steeenking recovery narrative!! Buy all the things!!!!
I have named their so-called "Recovery", with all the phony reports and especially the constant drivel about raising rates.
The Annie Recovery
The Recovery will come tomorrow
Bet your bottom dollar that tomorrow
There'll be The Recovery
Just thinkin' about tomorrow
Clears away the cobwebs and the sorrow
'til there's none
When I'm stuck with a day that's grey and lonely
I just stick up my chin and grin and say, oh
The Recovery will come tomorrow
So you gotta hang on
'til tomorrow, come what may!
Tomorrow, tomorrow, I love ya, tomorrow
A Rate Raise is always a day away.
Shelter and medical running well over 2% target. Congrats Fed! We dont need no stinkin wages!
i make the Same as i did 3 years ago... (exactly the same!) and i count myself Lucky to still have a job!
With inflation actually less. But I get your point.
Total BS. The only benefit of ZIRP are the 1%. Raise rates and companies will have to look to ORGANIC growth instead of stock buy backs.
Burger flippers of the world unite! It's time to throw off the yoke of oppression, put down our spatulas, storm the streets, pick up our signs and demand higher wages! Our sevices are in high demand and we deserve moar!
Throw in some white pussy and it's a deal.
No one really likes those yokeless dishes. It's like watering the Tree of Liberty with piss. I say, smash all the eggs with the yoke!!! Then use the slimy, egg-covered yoke for a stormy street dance-a-thon!!! The YouTube clicks will be teh fierceness!!!
--Your Local Yokel in Fellow Servitude
I don't know where they get their "there's no inflation" line...everything normal people buy is up way more than THAT...
The recovery is running at full steam and green shoots abound. After witnessing President Obama's economic miracle due to Obamacare and Obamatrade I have decided that my vote will be going to Hillary. The republicans have disgusted me lately with this Donald Trump character who I now refer to as "The Adolf". We need a good president who will get things done like banning guns and hate speech, raising taxes, and who will bring in millions more immigrants. The republicans are no longer the party of Ronald Reagan. Ronald Reagan was a true conservative who saw the need to ban guns and allow immigrants to stay and vote. He wasn't some sick Nazi like Trump.
Our illusion of recovery may be in trouble but our very real wreckovery rolls on.