Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mishedlo who wrote (29517)	5/7/2005 1:24:28 AM
From: Haim R. Branisteanu	Read Replies (1) of 116555

mish the key to recovery is hourly wages adjusted to real inflation - e.g. gov.. CPI, but add to it; + 25% of rise in home prices + 10% in rise in healthcare cost. My guess is (3.1% + 5% + 3%)or over 11%, but hourly wages are up about 2.7% YoY way way below actual rate of inflation. That is why retail sales are slowing and personal debt is rising even that labor participation is up a notch One can argue that mortgage rates are close to their peak and therefore housing prices are irrelevant as rates will slide again - but to me debt is debt and must somehow be paid

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next