Real Wages Decline Year-Over-Year
Wages are not keeping up with consumer price inflation. The average worker is worse off than a year ago.
Hard hitting global and local news
Wages are not keeping up with consumer price inflation. The average worker is worse off than a year ago.
The Turkish Lira collapsed as much as 18% as Trump escalated his feud with Turkey over a detained US pastor.
Economists expected a 0.2% rise in the CPI but not a new high in the year-over-year core CPI.
A Minyanville friend, “Mr. Practical”, pinged me with his thoughts on leverage derivative-fueled market crashes.
Economists expected the Producer Price Index would jump in July. Instead, the PPI was flat and bond yields tumbled.
Vanguard just threw in the towel on a Metals and Mining Fund. It morphs into a Global Capital Cycles Fund.
COT Futures reports for Tuesday came out today. Treasury bears are pressing short positions.
Trump’s lies about the “deal” with Juncker have surfaced already.
Calls for a “permanently high plateau” in housing come amidst uncertainty about the market.
The BEA released the 2nd Quarter 2018 GDP (Advance Estimate) including a Comprehensive Update: 1929 Through 2018 Q1.