Heterodox
The “Consumer nowcast” recession warning is triggered, as real wages decline, real aggregate payrolls near stall, plus record mortgage payments – by New Deal democrat No economic news today. So, now that we have the September inflation read, let’s take a look at a couple of important consumer indicators: real average wages, and real aggregate payrolls for non-supervisory workers. Real average hourly wages for non-supervisory employees have...
Read More »The “Consumer nowcast” recession warning is triggered
