Once again, we can trace this back to Nixon Shock.

Real Compensation Per Hour

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Trade Imbalance

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Median Home Prices

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Real GDP vs Total Credit Market Debt

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The Fed discontinued the total credit market series in the fourth quarter of 2017.

Total; credit market debt was roughly $1.7 trillion when Nixon closed the gold window. At last report it was $68.6 trillion.

It takes massive amounts of increasing credit to produce relatively trivial increases in GDP.

Gold vs Faith in Central Banks

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Everything Under Control?

If you don't think so, buy gold.

Mike "Mish" Shedlock

Congratulations Workers, You Now Make 0.5% More Than a Year Ago

In real (inflation-adjusted) terms workers make 0.5% more than a year ago, assuming one believes the CPI.

Congratulations Workers! You Make One Penny More Than a Year Ago

Real wages for production and nonsupervisory workers are up precisely one penny per hour from January of 2017.

Congratulations Workers! You Make a Penny More Per Hour Than Last Month

The average worker makes a penny more per hour than last month in real terms. The year-over-year gain is precisely zero.

Real Hourly Earnings Scorecards: Employees Making Way Less Than 9 Months Ago

Hourly wages, in real terms, have been on the decline for nine months.

Congratulations! BLS Says You Make 2.33% More Than Last Year: Does That Cover the Bills?

Economists keep expecting a big boom in consumer spending. They also expect a huge wage-price spiral. I expect neither. Let’s investigate.

Spending Up Far More than Real Income: Per Capita Income Stagnates

Real (inflation-adjusted) income rose 0.1% in November. Expenditures rose 0.4%. Per capita, income is stagnant.

Real Hourly Earnings Decline YoY for Production Workers, Flat for All Employees

Today's CPI report that shows inflation rose only 0.1%. Real wages are not keeping up even with that.

Real Wages Decline in December, Barely Up From Year Ago

Real wages for production workers fell 0.2% in Dec. Real wages for all employees fell 0.1%. Both barely up from yr ago.