Wages are up!
This time I have to concede that there is indeed upward movement in total compensation. Real comp is still negative over the past year, but it's been positive for two quarters in a row now.
Apparently this means the Fed is certain to raise rates yet again at its next meeting. Considering (a) how much inflation has fallen already, (b) how small the comp increase is, and (c) the fact that a rate increase won't affect anything until late 2024, I continue to find this inexplicable. But then, there is much that I find inexplicable these days.
You forgot that Jerome Powell works for the rentier class not workers. Rising earned income is a problem for them.
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I continue to find this inexplicable
I assume you mean this in the journalistic sense, where their income requires them to pretend to believe lies and bullshit from politicians. Kevin: as far as I know, you're not getting paid for this anymore. You don't have to play dumb anymore, be free!
In reality of course this is easily explicable, as Ken above has demonstrated.
Gotta keep raising the rates until the working classes know their place and stop asking for raises, benefits, human decency, etc.
That or until Republicans can get another federal trifecta.
The "explanation" is that the Fed is Republican and wants Joe Biden to lose. You have a generous soul, Kevin, but you are a little boy about modern politics.
Yes, Republicans are HAPPY to wreck the US economy, because they can then buy the tiny portions that they don't own already on knock-down discount.
Why are you here?
They won't let me have a gun permit because they said I was certifiably insane.
Fucking deep state.
Fucking liberals, man.
How about instead I give you a high level security clearance and leave you alone with all the best shit we got?
Not the same, though.
No, it's not the same, but you could really fuck something up with shit like this.
Yeah. No one would know, either.
Fuckin' A, dude, Make America Great Again!
Oh.
Meant to put that somewhere else.
But there it is!
It's good where ever you decide to put it. Truth is truth.
> won't affect anything until late 2024
Oh, that's a BINGO!