Let’s Get Ready To Stumble (Into Recession)! Gasoline Prices UP 89% Under Biden, WTI Crude Oil UP 115% (As REAL Wage Growth Declines) – Confounded Interest – Anthony B. Sanders

May 18, 2022

confoundedinterest17

#bubble, #inflation, Bank of Japan, Banking, Bernanke, Cryptocurrencies, Currency, ECB, Economy, Existing Home Sales, Fed, GDP, Gold, Housing, Inflation, Jobs, Mortgage, Natural Gas, Oil, Powell, russia, SPX, Stocks, Trade, Treasuries, Treasury, Uncategorized, Wages, Yellen

May 17, 2022May 17, 2022

1 Minute

Let’s get ready to stumble!

Seriously, with soaring energy prices and soaring EVERYTHING prices (except for real wage growth), it is difficult to see how the US will avoid a recession.

Yes, everything is seemingly rising in price, yet REAL average hourly earnings growth keeps falling. Rising price + declining real earnings growth = eventual recession.