Left-WingNut Obamaton DemoCRETINs Actually Believe That The Recession Is Over! Can You Believe These Idiots?
Harry Hope Teabags Hussein Obama And Loves It!
http://www.cnbc.com/id/42380997
You may not have noticed it when you opened up your paycheck last
month, but you just took a pay cut.
Wages in America are flattening as inflation surges, therefore real
income growth is actually negative, according to the latest data from
the Labor Department.
Average hourly earnings in March were flat compared to the previous
month for the second time in a row. On an annual basis, income
increased by just 1.7 percent.
Meanwhile, consumer price index data released two weeks from now could
show a jump in prices of as much as 2.6 percent year-over-year,
according to an estimate from the Bank of Tokyo-Mitsubishi UFJ.
“Higher gas and food prices are being reflected in headline inflation
and we have seen the end of growth in real earnings for some time,”
said Ellen Beeson Zentner, Senior U.S. Macro Economist at the Bank of
Tokyo-Mitsubishi, in a note after the report release.
“Real wages are the strongest link to consumer spending and are a
major reason why our forecast for spending in Q1 has been drastically
reduced. Energy prices have risen to the point that they are
influencing household spending decisions and it may only be a matter
of time before businesses respond by slowing hiring.”
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Bad news for America is bad news for 'RATs
Ray Fischer
>"Americans Just Took a Pay Cut As Inflation Outpaces Wages"
It's called "capitalism".
When CEO's get paid $10,000,000 to $20,000,000 and more each year then
the money comes from worker salaries.
--
Ray Fischer | Mendacracy (n.) government by lying
rfis...@sonic.net | The new GOP ideal
Harry Hope Teabags Harry Reid And Loves It!
CNBC Real Estate Reporter
“There’s no question that this month’s figures show a troubling dip in
home sales and housing prices,” said HUD Assistant Secretary Raphael
Bostic. “While we should not ignore the real impact that the Obama
Administration’s programs are having for millions of homeowners and
borrowers, these statistics clearly show that housing markets across
the country continue to struggle to regain stable footing. We must
remain steadfast in our efforts to support homeowners and communities
in ways to help advance market stabilization and a transition towards
health.”
I've been reporting on what I believe to be a double dip in housing
right now.
Apparently the administration is leaning that way as well, despite its
reporting that foreclosure activity and mortgage delinquencies are
falling. They are calling the market "fragile." I don't question that;
I'm just skeptical, given that their programs are under attack, as to
why they are suddenly using the "dip" word.
http://www.cnbc.com/id/42379996