The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: GST who wrote (88288)	11/1/2007 1:33:56 PM
From: skinowski	Read Replies (2) of 110194

I thought that the terms "deflation" and "devaluation" of a currency could be used interchageably. Saw them used this way. But doesn't matter, "devaluation" is fine. As for wages, agree wtr to the global wages, but last I read in the US they were relatively slow in picking up. And I am very much interested in how this entire dynamic will play out in the US. Will the Chinese wages pick up fast enough so that their imports would stop being so cheap? I hope so, but I think they'll keep applying down pressure on ours for some time to come. Such enormous numbers of human beings becoming part of the global economy is... unprecedented.

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