The Economy is 'Growing,' but Your Paycheck is Shrinking—Here is the Real Story
You probably heard the news anchors smiling about "better-than-expected" growth numbers while you were staring at a grocery receipt that looks more like a phone bill. Big numbers in London and Beijing do not mean much when the cost of living is still strangling your monthly budget and your savings are gathering dust in a low-interest account. The reality on the ground is that while the charts are pointing up, the purchasing power in your pocket is still sliding down. What’s Actually Happening The UK economy just posted its biggest monthly rise in over two years, a sudden burst of energy that happened right before the US-Israeli conflict with Iran broke out. Meanwhile, China is reporting growth that defies the chaos currently hitting its Asian neighbors. On paper, this looks like a win for global stability, but look closer and you will see a much more complicated picture. Economists are patting themselves on the back, yet they are ignoring the fact that this growth is built...