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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (808)	9/18/2003 3:52:29 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

home.pacbell.net Has the Fed and the Administration thought through what life might look like here in the US if the general level of prices levitates, but domestic wage inflation lags badly given the ability of global business capital to redirect labor input across the planet in the blink of an eye? It's a potential unintended consequence at the front and center of our thinking. The answer will be played out in our labor markets directly ahead.