Friday, June 27, 2014

Yellin' at Yellen does no good: Middle Class shrinks, Wage Growth stinks, but Ben & Barry's Billionaire Ice Cream keeps Dem Big Boys Fat!

PB: Wages have clearly lagged since the Great Recession hit as the chart below explains.

The Middle Class will continue to shrink for years to come, just as dependency on government transfers will not shrink.  The long term effects of weak wage growth will become more and more socially visible - if and when anyone bothers to look.

Economic growth will remain cursed for a long time as the U.S. continues to morph into the Japan of the West.

Yellin' at Yellen will do no good: she'll keep letting the Fed pour Dem Tasty Flavors into the 'Ben & Barry's Billionaire Ice Cream' Bowls of Fattening Food (= ridiculously low interest rates.)


From Reuters.com:



CLICK Image to enlarge
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Link: http://blogs.reuters.com/data-dive/2014/06/27/wage-growth-still-stagnant/

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