As a Reminder: The Private Sector is Doing Fine

As we were told by our President, the private sector economy is doing fine. Sometimes, however, facts get in the way of propaganda.

If by fine he means a record number of Americans not in the labor force


If by fine he means the people actually producing are seeing real wage gains decline significantly

And if by fine he means that as real wages decline, and YOY (year-over-year, Keynesians need to say that slowly, and then look up the definition of compounding) inflation is constantly > 0, declining purchasing power of our currency is making it harder & harder for the middle class (and poor) to survive


Then overall, we're doing fine.