S&P 500 REAL Earnings Yield At -2.33% While REAL Wage Growth At -1.43% (REAL 30Y Mortgage Rate At -3.11%) “Weird, Wacky Stuff!”

As Parks and Recreation’s Martin Housely said, “Weird, wacky stuff.”

We now have the S&P 500 REAL earnings yield at -2.33%.

REAL US average hourly wage growth is at -1.43% and the REAL 30-year mortgage rate is at -3.11%.

The cause of this weird and wacky economic stuff? How about the surge in M1 Money and The Fed Balance Sheet?

I can almost see Fed Chair Jerome Powell imitating Martin Housely and saying “Weird, wacky stuff” in his testimony before Congress.

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