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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (56874)3/26/2006 3:36:28 PM
From: mishedlo  Read Replies (1) of 110194
 
If hourly wages were being eaten away by inflation as much as some economists claim, lagging the official CPI, then we'd see a marked decline in living standards across a broad swath of income groups.

If all things were equal that makes sense.
But you are overlooking people going into debt to maintain lifestyles. That has to be factored in. It is huge and you ignored it.

Mish
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