That's what I'm getting at concerning inflation, of course, we could have wage inflation, but I do not see that happening, not with cheap goods from over seas coming in. As the rest of the world recovers, it starting happen in Korea now and it will spread, I feel the competition will grow to keep wages down also, almost a perfect harmony. What has to happen is for the FED and the rest the economist to see that we can indeed have growth in the up to 5% even 7% range and not have inflation. Further more, the use high tech, be it in the service sector or manufacturing, has caused productivity gains which has kept inflation down. It is my opinion, that we have just scratch the surface with productivity gains, there is so more that can and will be done. So we will grow, but they have to see it happen without inflation, so they worry. I just hope the FED lets it happen naturally.
Greg |
