Thursday, February 29, 2024

Are Food Prices Slowing Other Spending?

At some point in time, the 20++% increase in the price of food over the last couple of BidenOmics years had to catch up to the consumer's wallet.

Maybe that's happened, as the rise in consumer spending is now LESS than the rise in consumer incomes.  

That's not all:  both Government and private-sector wage growth dropped.  Still positive, but not hot.

Hmmmm.

Here's a video which describes the Bidenomics of food.  It's not pleasant at all.

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