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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (51737)1/27/2006 2:43:31 PM
From: Mike Johnston  Read Replies (1) of 110194
 
Grace, you are confused, really confused.
Your understanding of cause and effect is backwards.

1. You claim that incomes are exceeding inflation, wrong. Real wages have declined. No economist would agree with you.

2. You claim that the richest 20% income group contains the most population. No comment necessary.

3. You claim that any inflation we have is caused by rapid income growth. Wrong. It is high inflation that allows some professions to experience high income growth while others lag.

4.You claim that money is being pumped into real estate. Wrong. It is just the opposite. Record amounts of home equity "wealth" have been monetized and spent. It is all debt, not savings.
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