muses of the moment

July 17, 2012

John Williams with shadowstats.com

Filed under: Inflation, John Williams shadowstats — Tags: — totallygroovygirlfriday @ 7:31 pm

You pay for the detail (well worth the money), but here is the summary:

– Headline Inflation Should Increase in Next Several Months
– June Year-to-Year Inflation: 1.7% (CPI-U), 1.6% (CPI-W), 9.3% (SGS)
– Second-Quarter Real Retail Sales Contracted at 1.5% Annualized Rate
– Production Growth Slowed Sharply in Second-Quarter

Did your wages increase by 9.3% in the last year? Didn’t think so…..

The “official” core inflation rate makes it look like savings in a CD can keep up with inflation in expenses. But the real data shows that you are losing 8% and that is without taxes calculated in.

I won’t quote John’s real wages chart, it is so depressing. We are sinking fast. It light years below even 1964….yes, I said 1964.

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