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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (4911)1/13/2004 10:45:43 AM
From: Crimson Ghost  Read Replies (1) of 110194
 
Low US wages are the essence of Greenspanism and Republican economics in general according to financier Henry Liu.

"Pugnacious policy: ship jobs, keep unemployment high
Thus according to Greenspan, keeping asset prices high and product prices low is now the sworn aim of the central bank. Of course, the largest component in low product price is low wages and the largest component in high asset price is also low wages. The combination adds up to one thing, low wages at all cost. And how do you keep wages low? Ship jobs overseas and keep domestic unemployment high. This is the pugnacious economics of Greenspanism"

This really cuts to the heart of the all the BS we getting form Wall Street.
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