CA renter: Where it gets truly ugly is when you calculate inflation or unemployment or the CPI on your own (not using government “modified” statistics). You then realize that inflation and unemployment and costs/prices are far in excess of what is being reported.
Real wages have been stagnant since the 1970s, we’ve watched as they’ve exported our manufacturing base overseas and we’ve been told that the “service” economy is the way forward. Meanwhile, people get deeper and deeper in debt, while the FED, with the blessing of the President and Congress, keeps printing off more and more paper money.
World of hurt is right. It’s gonna be downright frickin’ ugly when this train finally goes off the tracks.
