TV News LIES

Monday, Nov 24th

Last update08:04:16 AM GMT

You are here News Editorials Bruce Enberg: Are you Pent-up?

Bruce Enberg: Are you Pent-up?

E-mail Print PDF

federal reserveFederal Reserve Chair Janet Yellen just introduced a new term into Fed Speak', "pent-up wage deflation". This seems to be an effort to explain away the problem of stagnant wages in the US economy that are not allowing the Fed to meet its 2% inflation goal by blaming it on the "inability or unwillingness of US firms to drastically cut wages" after the Bush collapse in 2008.

This, according to the Fed, is making it possible for companies to now expand employment without raising wages. Ms. Yellen did acknowledge that real wages had been declining for some time prior to the crash (real wages have been declining for 33 years, but who's counting).

Deflation is always the goal of an economic collapse as this further enriches the hoarders of cash since they can buy more assets for 10 cents on the dollar, and drastically increases the burden on anyone who is in debt since they now owe a much bigger percentage of their declining income on devalued property.

More...


Most Recent Related Stories...


Alex Baer: Aping Nuclear Wisdom with Monkey Business

monkey nuclearThe fun thing about humanity is that there's always something brand new to deliver ground-breaking terrors...

Alex Baer: It May Even Rain Later On This Year

gridlock in WashingtonAs predictions go, here's an easy one: I predict things will get factually bumpy where politicians...

How Many Muslim Countries Has the U.S. Bombed Or Occupied Since 1980?

Muslim countries bombed by USBarack Obama, in his post-election press conference yesterday, announced that he would seek an Authorization for...

Alex Baer: Popping My Cork in Celebration

Popping a cork: Alex BaerFunny-peculiar (not funny-ha-ha) how often we humans get what we most fear.Well, it's official, not that...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!