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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: skinowski who wrote (88285)11/1/2007 11:39:18 AM
From: GST  Read Replies (1) of 110194
 
<Deflation of a currency while incomes are stagnant seems like a straightforward path in that direction> Sorry - but lets use the words correctly -- you are not referring to "deflation" of a currency, you are referring to "devaluation" of a currency --and currency devaluation is a key driver of our inflation.

As for wages not going up, of course that is far from true. Global wages are soaring as the world becomes a global industrialized urban marketplace.
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