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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (166202)5/16/2002 1:32:55 PM
From: reaper  Read Replies (1) of 436258
 
i would add one thing to Roach's commentary. he expects REAL wage growth to be punk. With low inflation (which some of us don't believe in <g>) NOMINAL wage growth is going to be extra-punk. The last time I checked, I paid my bills and made my credit payments in nominal, not real, dollars. Large NOMINAL wage growth is what allows you to get out from under crushing debt loads.

Cheers
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