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To: Tunica Albuginea who wrote (42907)10/13/1999 7:41:00 PM
From: goldsnow  Respond to of 116764
 
Labour market shortages spell doom for the US stockmarket. With wages growth starting to edge higher, even with the recent non-farm payrolls signalling less robust jobs growth, stock prices must fall even if productivity growth remains at the rate recorded in recent years.

Why is the pessimistic outlook for US stock so certain if wages growth keeps rising?

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