Real problem is elites in this country from both parties made it clear they are much more concerned about wage growth than anything else. This whole last 14yrs

Real problem is elites in this country from both parties made it clear they are much more concerned about wage growth than anything else. This whole last 14yrs of extraordinary asset inflation, which by the way they conveniently don’t take into account into the calculation of core CPI by some opaque terms like “hedonic adjustments”, didn’t bother Fed that they should perhaps slow down buying bonds and stop QE. Oh but the moment the worker wages finally started to rise, Fed which at this point is an extension of the elites (I mean what gives a guy who was a well connected lawyer in his past life to decide when to raise rates) decided it is time to raise the rates hard. Bunch of scumbags.