Economic Collapse News – The Feds Manufacturing Survey’s Plunge Into Contraction, NC Wages Decline (Video)
Economic Collapse News – The Feds Manufacturing Survey’s Plunge Into Contraction, NC Wages Decline Video by Silver Report
First, we begin with the decline in the regional Fed surveys over the past several months, Many analysts expected that we would see a rebound but such was not the case. We focus on the Dallas Regional manufacturing survey which has fallen deeper into contraction for this month. Then many also looked for a rebound to 0 in the Chicago manufacturing survey done by the federal reserve that is being called a surprise beat however the Chicago area is still in contraction so I’m not sure how we are counting this. Then we look at wage growth in North Carolina and the results show the median household income in North Carolina was $53,855 in 2018, adjusted for inflation that’s about the same as in 2007 before the great recession. It has actually declined since the beginning of the 2000s. That brings us to my main point people have the amazing ability to adapt to their current situation no matter how hard. We have been desensitized to economic stagnation that we can’t even see it anymore.