8:06 AM
If you are imagining the great economic recovery is recovering, a post by Tyler Durden from zerohedge.com gave some info that raised an eyebrow. World trade volume dropped for the third time in four months, the biggest drop in global trade since May 2009.
Developing Asian economies had the biggest drop of 4.5%.
$12 trillion in global money printing hasn't helped.
Another post from zerohedge.com gave us this chart on average real hourly earnings:
On May 16, zerohedge.com featured a post on real hourly wage declines. Wage inflation has not reared its head. Year-over-year growth in both pay and hours has actually been falling since early 2012. Fed policy action has not healed the labor market.
Developing Asian economies had the biggest drop of 4.5%.
$12 trillion in global money printing hasn't helped.
Another post from zerohedge.com gave us this chart on average real hourly earnings:
On May 16, zerohedge.com featured a post on real hourly wage declines. Wage inflation has not reared its head. Year-over-year growth in both pay and hours has actually been falling since early 2012. Fed policy action has not healed the labor market.