The U.S. Dollar continues its inexorable slide into oblivion. U.S. Labor Department statistics reported Friday (h/t: Memeorandum ) reveal that the paltry increase in American workers' paychecks over the last twelve months has been wiped out and then some by U.S. dollar inflation: In America, wage growth is getting wiped out entirely by inflation "U.S. workers' paychecks are worth less than they were a year ago, the Labor Department reported Friday, as modest wage gains have failed to keep pace with inflation. Inflation rose 2.9 percent from July 2017 to July 2018, the department reported, while average hourly pay increased 2.7 percent over the same period. The lack of real wage gains comes despite a strong economy, with sustained growth and an unemployment rate of 3.9 percent — one of the lowest levels in decades." Despite a strong economy? Textbook macroeconomics would say the lack of real wage gains is a direct result of a "strong economy" w...