SuperCourse
Pragmatic Mutt
- Credits
- 16
Consensus was convinced - with barely any outliers - that this morning's consumer price index would print with an astonishing 7.0% YoY (and notably 7 of the last 9 releases have come in above consensus) and they nailed it with the 7% print at its highest since June 1982 (when ET was launched in the US)...
So the next time a politician tries to tell you to be grateful that your wages are going up or you can move to a new higher paying job, just remind him that the surge in the cost of living is outpacing wage gains, thanks to The Fed's money-largesse and Congress' lockdown policies and helicopter money have crushed the quality of life for millions.
www.zerohedge.com
So the next time a politician tries to tell you to be grateful that your wages are going up or you can move to a new higher paying job, just remind him that the surge in the cost of living is outpacing wage gains, thanks to The Fed's money-largesse and Congress' lockdown policies and helicopter money have crushed the quality of life for millions.
US Consumer Prices Soar At Fastest In 39 Years, Real Wages Tumble For 9th Straight Month | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
