Here is why “wage inflation” shouldn’t be a concern for anyone. Income has barely moved in terms of purchasing power since 1999.
Can you name anything that a consumer buys (with exception of electronics) that is cheaper/same price today, than it was in 1999? pic.twitter.com/rCsw2L8PFX
— OW (@OccupyWisdom) March 9, 2018
Stronger jobs +313k.. wages still flat as a pancake like 2s10s +2bps.. Encites a more aggressive Bear Flattening from the Fed as cost of living rises exacerbating over indebted consumer weakness. $SPY $TLT #LateCycle. pic.twitter.com/EhP7hSVdrg
— iamwrong (@gamesblazer06) March 9, 2018