The Biden Economy Is A Disaster! Real Average Weekly Earnings Growth Lowest Since 2007 (-3.6%) While Mortgage Payments UP 50% (US Treasury 2Y Yield Dumps 12 Basis Points)

Confounded Interest ^ | 03/12/2022 | Anthony B. Sanders

[Browns Ultra Fan]

I am flabbergasted by how big of a disaster the US economy is under Biden’s leadership. I am talking about the middle class and lower-income households that are suffering due to 40-year high inflation rates reducing their REAL wages.

US real average weekly earnings growth YoY is down to -3.60%. That is the lowest since 2007 and is worse than The Great Recession and financial crisis of 2008.

And look at this chart of mortgage payments under Biden. The US was actually experiencing DECLINING mortgage payments YoY in 2019 and 2020. But under Biden’s leadership, mortgage payments have increased by 50% making housing even MORE unaffordable for the middle class and lower-income households.

And now for something kind of scary. The US today suffered a 12 basis point decline in the 2-year Treasury yield, generally a bad sign for the economy. As if we needed more bad news for today.

Highest inflation in 40 years, worst wage growth since 2007 and rising mortgage payments. We will need all the luck we can get.

[Browns Ultra Fan]

Biden and Powell are killing the middle class.

[EvilCapitalist]

Have to kill the middle class so they’ll beg for Communism.

[Blurb2350]

Strictly speaking, Biden had little or nothing to do with our current disaster. His unnamed handlers (and probably that bastard Obama) are responsible. They love having the dimwitted Biden to shoulder the blame.

[ProtectOurFreedom]

We will need all the luck we can get.

Nope, we are all "Lightnin' Slim" now. "Bad Luck Blues," 1954...

Lord, if it wasn't for bad luck, I wouldn't have no luck at all
You know bad luck has been followin' poor Lightnin', ever since I began to crawl

The derivative "Born under a bad sign" by Albert King in 1967 and followed in 1968 by Cream were darn good...

I've been down since I began to crawl
If it wasn't for bad luck
I wouldn't have no luck at all

Bad luck and trouble's my only friend
I've been down ever since I was ten

Those guys anticipated Biden by 55 years.