muses of the moment

November 16, 2012

John Williams from

You pay for detail, but here is the punch line:

– Official Real Retail Sales Signal Recession
– Storm’s Impact on October Activity Was Mixed
– Official Real Earnings Sink to Four-Year Low,Down 2.7% Year-to-Year
– Annual Consumer and Wholesale Inflation Continue to Rise
– October Year-to-Year Inflation: 2.2% (CPI-U), 2.2% (CPI-W), 9.8% (SGS)

Did your wages go up 9.8% within the last year? Didn’t think so.


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