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Tag Archives: Real Wages
Inflation Runs Hot, Hot, Hot
CPI out this morning, up 0.6 percent for January, more than double the 0.3 percent that was expected. The hottest number since February 2013. The main culprit was the rise in the cost of gasoline, which accounted for half the … Continue reading
The Economist Gets It…
That is, why governments need asset bubbles as the average real wage falls. See our post, America’s Bubble Dependent Economy. This also goes a long way in explaining the reelection of President Obama even with stubbornly high unemployment and a weak … Continue reading
The Ultimate Relative Price Change
This chart from Mark Perry goes a long way in capturing the decline in purchasing power of many Americans as the population ages (and gets heavier). We suspect the relative price shift is not fully captured in the Consumer Price … Continue reading
Posted in Inflation/Deflation, Innovation
Tagged Electronic prices, Health Care Costs, Real Wages
1 Comment
Punk real earnings in the U.S.
The BLS reports, Real average hourly earnings for all employees fell 0.7 percent from July to August, seasonally adjusted. This decline resulted from unchanged average hourly earnings combined with a 0.6-percent increase in the Consumer Price Index for All Urban … Continue reading
Inflation Convergence and Real Earnings
The BLS chart clearly illustrates the convergence of core (x/ food and energy) inflation and all items. Core inflation is up 2.3 percent y/y, which is a little hot given its recent history. Here’s the BLS commentary, The index … Continue reading
Posted in Black Swan Watch, Economics, Employment, Inflation/Deflation, Monetary Policy
Tagged Core Inflation, Inflation, Inflation tax, Real Wages, U.S. CPI
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Is Inflation Driving the U.S. Wealth/Income Gap?
The bears video got us motivated to put together a chart of the S&P500 and gas prices over the past year. It’s stunning, though not surprising, to see how both series move together. The two charts below help explain a … Continue reading
Posted in Economics, Employment, Energy, Equities, Video
Tagged Gas Prices, Inflation, Real Wages, S&P500
12 Comments
Global Macro Monitor 