Here's a chart of weekly wages adjusted by the CPI-U over the years. There are many, many ways I could have put a line through those points. I chose a simple 2nd order polynomial. Maybe I'm too bearish. Maybe I shouldn't be concerned about how poorly wages have grown even as unemployment has fallen (and what might happen to wages should unemployment begin to rise again). Maybe I shouldn't be concerned about billions of foreign workers now competing with us. Maybe I shouldn't even be concerned about our banana republic level trade deficit. Maybe.
Housing May 13th Weekly Update: Inventory up 1.6% Week-over-week, Up 35.0%
Year-over-year
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Altos reports that active single-family inventory was up 1.6%
week-over-week. Inventory is now up 15.2% from the February bottom, and *almost
above the max...
1 hour ago
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