Saturday, June 6, 2015

33 U.S. Cities Recovered from Recession

What an odd paragraph in defense that runs counter to the conclusion of a WSJ analysis that only thirty-three American cities have recovered from recession.
“The Journal only looked at nominal wage growth—changes in wages that do not adjust for inflation,” Sherk said. “Economists would expect wage growth to slow when inflation slowed. That doesn’t necessarily mean the real wage growth, adjusting for inflation, has slowed.”
"... that do not adjust for inflation (that didn't happen). Economist would expect wage growth (that didn't happen) to slow when inflation (that didn't happen) slowed.

Stop blowing smoke out your economic blowhole. There is no adjustments for inflation because there is no inflation. Nominal wage growth, pfffft.

Denver is not on the list. And here I imagined we are doing pretty well. Darn. Although Greeley Colorado is. Go Greeley. Woot. I wonder what's happening there. Fracking, I'll bet.

Nebraska has two. South Carolina has three. Texas has one-third.

The Daily Signal

2 comments:

edutcher said...

Hmmm, tell me again about Flyover Country.

bagoh20 said...

I wonder how much damage the Democratic party will do to this nation before we stop them. They are running unrestrained in many areas, and where they have had that luxury for enough time they have caused near total destruction of the finances. In places like Detroit, and Baltimore it's clearly visible on the streets, but many others like California, are just starting to show, but are still hidden in the balance sheet that nobody cares to look at. Over the coming years it will be collapse after collapse in the papers with excuses offered and blame shifted just like in those dead places until it's just too sad and pathetic to care.

What the Dems are doing in California and Los Angeles with un-opposable majorities is simply insane, pathologically corrupt, and a travesty. There is nothing in the history of the Republicans or conservatives that even comes close to this abomination, and yet we still have millions of people too blind or stupid to see what they can clearly smell.