US Wage Growth in Freefall

Uh, folks, wage growth – as in actual tracked wages not that BLS garbage – is in freefall: "growth in after-tax wages and salaries, based on BofA deposit data, slowed to just 2% YoY on a 3MMA basis, down from …

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Turkish Lira Freefall Accelerates Despite Central Bank Intervention (Turkey’s 10Y Yield At 21.50%, Very Venezuela-Like With Inflation At 21.31%)

by confoundedinterest17 Turkey (the nation, not the bird) is now the Venezuela of Europe/Middle East, where insane government policies are destroying both nations. (Dow Jones) — Turkey’s central bank intervened to arrest the plunge in the country’s currency, which lost as much …

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