Biden’s Inflation Nation! REAL Weekly Wage Growth Negative For 25 Straight Weeks, REAL Home Price Growth At -3.5% YoY As M2 Money Growth At -4.1% YoY (Largest Drop In REAL Home Price Growth Since 2012)

Confounded Interest ^ | 05/14/2023 | Anthony B. Sanders

[Kaiser8408a]

I wish Biden would spend more time trying to negotiate with McCarthy to end the debt crisis rather than stir up race hatred like he did at Howard University graduation. C’mon Joe! White “supremacy” is not the most dangerous terrorist threat. I would actually say that Biden, Yellen and Schumer (throw in Pelosi’s spending splurge as Speaker) are the biggest terrorist threat. They are the 4 horsemen of the US debt apocalypse.

Let’s see how Bidenflation (caused by staggering Federal misspending) and years of Yellen’s TLTL (too low too long) monetary policy has caused a massive dislocation in the housing market.

The February Case-Shiller National home price index less core inflation (CPI less food and energy) year-over-year is declining by -3.5%. This is happening as REAL average weekly earnings growth is at -1.06% YoY and has been negative growth for 25 straigth months.

Look at The Fed’s massive overreaction to the unnecessary government shutdowns of economies and schools. It really sent home price growth soaring, then when The Fed starts slowing the monetary stimulus, we get the largest slowdown of REAL home price growth since 2012.

The 4 Horsemen of the US Debt Apocalypse. I would add Mitch McConnell and Fed Chair Powell, but then would have an entire Cavalry company like George Armstrong Custer had at Little Big Horn.

[Kaiser8408a]

So many evil people in Washington DC.

[hardspunned]

I really don’t care what the liars in DC are currently saying. My wallet tells me food prices over the last 90 days have been increasing at the fastest rate I have seen yet.

[wally_bert]

Along with everything else.

[hardspunned]

I wouldn’t know about everything else. I can pretty much only afford food nowadays.

[Leaning Right]

> I wouldn’t know about everything else. I can pretty much only afford food nowadays. <

Yep. And it could cause a death spiral. Going out to eat less means that restaurant workers will be let go. So they spend less. Etc.

Given who is running things in DC now, and really don’t see an easy way out. I suppose Biden’s handlers could start a war. That would distract everyone for awhile anyway.

[Bon of Babble]

He should go the 1980 Jimmy Carter route.

But with rampant vote fraud in key areas, I fully expect he will be re-elected again with “the most votes ever.” Maybe 100 million this time. All those new Democrat voters pouring across the border should help.