…the end of deflation due to the end of the decline in gas prices. Coupled with really tepid wage growth, this is going to affect consumers, who are 70% of…

…next downturn, whenever it hits, is that we have the first actual wage deflation since the 1930s. Postscript: Is this employment report an affirmation of Trump and the GOP? Yes…

…up 2.4% YoY quite simply is awful this late into an expansion. Bottom line: the late cycle deceleration in YoY employment gains is continuing, and outright wage deflation come the…

…expansion, and that the next recession is at grave risk of including actual wage deflation. From Bonddad A few points: The 3, 6, and 12-month moving average of establishment job…

…bitcoin (huge unpredictable Bitcoin deflation damages any use of bitcoin as a means of exchange as much as huge inflation would). I propose linking the blockchain program to an exchange….

…1929 and 2008, where the underlying economy was really fragile, and subject to a debt-deflation vicious cycle. As I wrote as recently as last week, the “long leading indicators” for…

…run the other way. But apparently the only way the Fed is going to have an “OH SHIT” moment is if there is actual wage deflation in the next recession….

…in which Paul Krugman in particular made predictions which were contradicted by the data. He mocks those who forecast hyperinflation in 2010, but he forecast deflation. Instead wages and prices…

…rational is real. The point is that if one argues for moderate real interest rates, zero nominal interest rates, deflation and notes that one assumes all markets clear, one will…

…actually tip into deflation this time around – a concern that I have repeated numerous times during the past expansion: Here is what YoY wage growth (black) looks like in…