Gimme Shelter! Not less than EXPENSIVE shelter under Joe Biden.
Just a few days ago I wrote about the suffering of America’s middle class under Biden’s Reign of (Economic) Error. Housing is much dearer under Biden as are energy prices, automotive prices, food prices, and auto loan rates. Biden’s economy is really unaffordable for thousands and thousands of Americans.
Then now we have yesterday’s inflation report that exposed 25 straight months of negative REAL average weekly wage growth. Yikes! Inflation continues to be growing faster than nominal wage growth, putting Americans further behind.
Then now we have Owner’s Equivalent Rent rising to eight.1% year-over-year (YoY), a brand new record high. Option to go, Unaffordable Joe! This is going on as The Fed slows M2 Money growth into negative territory (-4.05% YoY).
Don’t like Owner’s Equivalent rent? Rent of primary residence YoY? It’s the second highest growth rate in history at 8.80%, after last month’s rate of 8.814% YoY.
Shelter CPI was 8.09582% in April, down ever so barely from March.
Meanwhile, the Biden family raked in AT LEAST $10 million in payoffs from China hidden through multiple entites.
Sleazy Joe Biden and his son, mega sleeze Hunter..
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