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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: benwood who wrote (75544)	12/13/2006 3:29:11 PM
From: loantech	Read Replies (1) of 110194

Real simple to me.I admit both Mish and GST know much more than I but: I just checked out this exact pair of shoes for my wife we got last year for $129.00. Now they are $139.00. That is a 7.7% increase. Last year she and I each received about 3% raises. I call that increased cost of shoes inflation vs. wages and don't give a damn how much the fed has printed. Shoes are not the only thing, insurance, heat, gas, most food.(Mish may argue that but he is wrong I have done the family grocery shopping each week for 25 years.) With an increased cost of goods to a consumer like me on a budget who receives wages that is INFLATION.If you want to quit arguing just say things cost more vs wages for most of us. No I don't work for Goldman Sachs.

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