Trumpery economy: Real Wage Growth Is Actually Falling

I was saying --- per the link I provided.

 

It is important to backup a condition by having a larger history of any trends. Yet the chart I posted is misleading because of the affect of illegal hispanic labor in the construction field forced legal citizens to lose work due to Hispanics underbidding jobs.

 

Your plot that goes out to the 9th month after two dimensions of policy are in place is not exactly fair. We still await what will happen when trade is normalized and may never know what will happen if we can push Soros aside and control immigration.

 

That mean old Soros keeps you up at night?

 

Nah. Not nearly as much as Trump keeps lefties up. Not crazy about an enemy of the US being able to buy political power by underwriting fascist progressive puppets. I consider the likes of MoveOn, MediaMatters, CAP and similar hate groups to be damaging.

 

There are many groups on both sides which are damaging but they have existed in the US for a long time and they are not going away anytime soon...

 

By a strange coincidence, that is the number of people who voted for Trump.

 

There is an article on todays Drudge Report saying at some time 70% of American workers struggle to pay their bills.

 

I would not say it is the first "bogus" economy - but agree in general. An economy fueled by massive deficit spending in the Fashion of Reagan. Reagan's fiscal policy turned out to be a disaster - but, Reagan had a lot more to work with. We are entering into dangerous waters - have you looked at the rest of the worlds economies ? - very slow - negative interest rates .. Germany reported 0.1% GDP growth the last quarter... and the Fed is out of bullets. China has slowed - trade wars, protectionism .. The BRICS are - or have - introduced a "quazi" competitor to the US dollar system in international payments.

It will not be long before we have a viable competitor to the US dollar. This has been expedited due to Trump's Iraq sanction measures - going around trying to club most other nations of the world into submission using the "nuclear option" - Threatening to shut their banks and corporations out of the international system of payments ... this was a bridge too far.

While Trump is going around beating on other nations with a big stick - China and Russia are out making deals - along with everyone else - deals that do not include the US - and we are getting snubbed.

When you mess with a nations sovereignty - it doesn't sit well with the public - or the leadership as it puts them in a difficult position. These leaders used the strongest possible language - not in private - but on the international stage - "you are messing with our sovereignty"

This is not what "winning" looks like.