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A comment on Wall Street Banks Warn Downturn Is Coming. Parent comment

Re:Wall Street Banks Warn Downturn Is Coming by jazzyk on Wednesday August 23, 2017 @02:42PM (#15083990)
Correct, but the pundits are also correct, because there are really two different economies in the US:

- the "Walmart" economy - no inflation there, regular Joe Schmoes have not had a real raise in years

- the "Hamptons" economy - lots of money sloshing around (thanks to the Fed), bankers, etc spending big on luxury real-estate, etc.

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Re:Wall Street Banks Warn Downturn Is Coming by ComputerGuru on Wednesday August 23, 2017 @04:15PM (#15084650)
Inflation is measured more by price than income. The salaries being stagnant at Walmart and co don't really have much say in the CPI.
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