Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John Vosilla who wrote (115213)	7/3/2012 8:50:40 PM
From: loantech	Read Replies (1) of 116555

John I think as Mauldin used to say we can muddle through but I do see some perma bear stuff. Wages trending lower, education trending lower as many cannot afford or do not go to college, greater corporatism where all can get a job at wal mart or home depot or even at Mitts company Staples and actually make 9 bucks an hour if lucky WOW and even move up to maybe 11 bucks an hour, lot of people working part time, bank balance sheets are crap if they used mark to market instead of mark to model, no more cash out refis, internationally countries close to BK, and on and on. So I see more of a spiral down for the middle class and those leveraged on what ever the wrong side of the next bets are. JMO.

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