Tuesday, July 30, 2013

The BIG Squeeze of the American Wage Earner

These two charts say it all, personal income growth is crashing, while the cost of renting a house is climbing. Not a good combination. Rents are climbing because there IS price inflation thanks to Fed money printing. Personal income is declining thanks to government regulations which make it more risky and expensive to hire workers.

(Charts via ZeroHedge)