by confoundedinterest17
Just like the Mel Gibson film “Apocalypto!”, we’re seeing the US center class and low-wage employees being economically sacrificed by The Federal Reserve, the Biden Administration and Congress.
Regardless of the rhetoric that Fed stimulus (aka “Stimuypto!”) is being eliminated, the US stays suffering from NEGATIVE actual 10-year Treasury yields, NEGATIVE actual Fed Funds Goal charge and NEGATIVE actual common hourly earnings development underneath Inflation Joe.
This chart demonstrates the Stimulytpo downside. Previous to Covid, US wage development was constantly greater than headline inflation. However beginning in March 2021, three months after Biden turned President, headline inflation turned greater than wage development.
Even with all these adverse REAL charges, the US economic system is forecast to have nearly no development in 2023.
To cite Peggy Lee, Is That All There Is?
