Replies to post #162928 on Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

TJ> No economic rally

can be maintained by pumping up stock prices. Average folks need to gain, and they are not. The middle class in under attack.

Last month the BLS reported that average weekly earnings fell for the first time in 14 years. Last month used home prices fell month over month. Since June, interest rates on mortgages have increased not dropped, and CPI inflation for the last 3 months is close to 3%, while employers look to chop.

The FED encouraged consumers to go deeply into debt in the last 2 years, but lately their incomes are falling even as productivity spikes?

We need some explainations.


NOW!