Unemployment payments and other transfer payments from the government and all of it adjusted for inflation was still below where it had been in february 2020. According to the bureau of economic analysis. This is a function of how many people are earning money and of higher wages and higher income from rental properties, etc. But inflation is the insidious Counter Force adjusted for inflation. Real personal income without transfer payments hasnt improved much. And in recent months, despite many more people getting back to work, and despite higher wages, because inflation eat up the increase in aggregate income. And here note the pre Pandemic Trend Line max. This is green. This is real personal income. And as you see, a dove during the beginning, early stages of the pandemic, unlocked downs, and its still below trends. Right . So were right again, as we were saying, shipping, all of our jobs and factors to china was a bad idea. But the american people were ok with it because although th
Of course wages in america goinG Down, but prices from stuff important from china goinG Down more. So the quality of life in america doesnt seem like its getting worse because the flat Screen Tv and closer. So cheap. And then i said, you know what, somebody thats going to reverse. Ok, lets check in with stacy max. We have gone through the looking glass. Remember when the red queen said to alice that you have to run faster and faster just to stay in the same place. She said, in fact, my dear here, we must run as fast as we can just to stay in place. And if he wished to go anywhere, you must run twice as fast as that. So 50 years of the out. Were looking at the headlines today. And it looks like were straight back to where we started in the 1970 stag place, right . Because people made heroic efforts to spend inflation 8 their lunch, says Wall Street Dot com. The big shift from durable goods to services is underway. This is all in the latest data coming out of government agencies. Real in
Between gold and education. My family was very poor, i thought i was doing my best to get back to school, which still will have the strongest appeal. The max ties, remember, man like 3 years ago, every year since then ive been saying that. Yeah, of course wages in america going down, but prices from stuff important from china going down more. So the quality of life in america doesnt seem like its getting worse because the flat Screen Tv and closer. So cheap. And then i said, you know what, some day thats going to reverse. Ok, lets check in with stacy max. We have gone through the looking glass. Remember when the red queen said to alice that you have to run faster and faster just to stay in the same place. She said, in fact, my dear here, we must run as fast as we can just to stay in place. And if you wish to go anywhere, you must run twice as fast as that. So 50 years of the out. Were looking at the headlines today. And it looks like were straight back to where we started at the 1970 s
Spain has said it is officially lifting restrictions for Uk Travellers from today. The government in madrid says the uk and japan will be on a list of countries whose residents are able to enter without a Pcr Test or proof theyve been vaccinated. But the Uk Government still strongly advises against Nonessential Travel To Spain and most other eu countries. Spain relies heavily on british visitors in the summer. Tourism made up about 12 of its gdp in 2019 that meant 83. 5 million tourists visited, over 18 Million of whom were british. Joining me now isjorge traver, country manager, spain portugal, European Tourism association. Do you think people from the uk will come . If the government is saying you should not go unless it is essential . I should not go unless it is essential . Should not go unless it is essential . ,. , essential . I actually doubt it for a Time Essential . I actually doubt it for a time being essential . I actually doubt it for a time being but essential . I actually
Corona Virus Death Toll in the world. After a Government Report more than doubled the number who died in germanys national Football Team prepared for a friendly against denmark on Wednesday Night with only 10 days to go until the European Championships kickoff. Ah, im me and hes the welcome us president Joe Biden has been to oklahoma to commemorate the 100 the anniversary of one of the countries worst racial atrocities. Hes the 1st sitting president to mark the 1921 Tulsa Massacre when white residents back by police and national guard units destroyed some 1200 buildings in an upscale black Majority District of the city. The exact ethel is not known, but witnesses estimated as many as 300 black residents were killed. Heres some of what the president had to say. The events we speak of the day took place 100 years ago. And yet, im the 1st President in a 100 years ever to come to tulsa. And i say that not about me, but to think about it a 100 years. And the 1st President to be here during