No, Joe Biden, Inflation Is Not 0.0%

Here is the most important chart from the July CPI report. It got nary a mention on bubblevision. Nevertheless, with July’s “mere” 8.5% Y/Y increase in the CPI, real weekly wages plunged by -3.2%. That marked 13 months of negative Y/Y wage gains out of the last 15 months. What this means, of course, is […]
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