by ReviewEquivalent1266
For the first time ever, the median rent in the U.S. topped $2,000 a month in June — and the increases show no sign of stopping.
Those rising rents mean that households representing a total of 8.5 million people were behind on their rent at the end of August, according to Census Bureau figures. And 3.8 million of those renters say they’re somewhat or very likely to be evicted in the next two months.
The combination of soaring inflation, the end of most eviction moratoriums and rental assistance payments and an extremely low vacancy rate has pushed rents up — and many renters out.
JACKSON HOLE, Wyoming (AP) — When Diane Swonk first attended the Federal Reserve’s annual economic conference in Jackson Hole in the late 1990s, there was a happy hour for women who attended the event. It barely filled a single table.
Now, the “Women at Jackson Hole” happy hour draws dozens of female economists and high-level decision-makers, from the United States and overseas.
“I’m just glad that now there’s a line for the ladies’ room,” said Swonk, a longtime Fed watcher who is chief economist for the accounting giant KPMG.
It’s not just at Jackson Hole but also in the Fed’s boardroom where its leadership has become its most diverse ever. There are more female, Black and openly gay officials contributing to the central bank’s interest-rate decisions than at any time in its 109-year history. Many are also far less wealthy than the officials they have replaced.
“Apocalypse” = “The lifting of the veil.” For the sheeple who have been willfully blind and fed on lies and bullshit from the MSM, seeing things clearly for the first time might be traumatic, but not for the non-deluded who made a point of seeing things as they are and preparing accordingly
