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Post by unlawflcombatnt on Jun 5, 2013 20:45:11 GMT -6
www.bls.gov/news.release/prod2.nr0.htmNewly revised figures from the BLS show that hourly wages were down -3.8% in the 1st quarter of 2013. This is a HUGE revision from the initially reported +1.2% increase. The -3.8% decline in hourly wages was the worst ever reported since the series began in 1947.
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Post by jeffolie on Jun 6, 2013 0:34:53 GMT -6
The Type 2 80% of consumers suffer screwflation along with declining median incomes...my phrase most often applied: 'a regular depression' for the most common American.
Soon the FED will attempt to again stimulate more ... again only the Type 1 rich consumer will feel wealthier
The status quo, gridlock politically and economically will end with the failing Trickle Down ... already the housing prices appear to be peaking because Type 1 consumers are less likely to buy houses for purposes of rehabbing into rental income...leaving only a rising stock market to fund the Type 1 rich consumers.
If the FED fails to reassure and promise added stimulus, then stocks will not rebound to make new highs.
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