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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: sea_biscuit who wrote (86672)9/20/2007 9:22:50 PM
From: Lazarus_Long  Read Replies (1) of 110194
 
wages cannot increase because of competition by cheap labor across the world.
WAS cheap labor- -comparatively. When you join it, then fall behind it, it no longer looks so cheap.
All that is required is that a large part of the world achieve an American standard of living. The problem is there are not resources for a large part of the world to achieve the current American standard. That means the American standard must fall. In economic terms, the price of of goods, energy, entertainment, etc must rise to force consumption down. That's called inflation.

If the gov't tries to fight it (as it seems to be doing as as seems inevitable), we could see hyperinflation.
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