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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (5684)	5/5/2004 10:33:58 PM
From: DOUG H	Respond to of 116555

Look for BOTH major Parties to fall all over themselves to see who can raise minimum wage the highest.

To: mishedlo who wrote (5684)	5/6/2004 10:11:08 AM
From: Jim Willie CB	Respond to of 116555

agreed on almost all counts, nice summary in my background, difficulty with wage income was a given and given that, price mechanisms will surely change consumption pattern nice bold call on shrinking carry trade spread I think you underestimate how much interest LT rates will rise we might see FedFunds rise more than LT market rates !!! WORST OF BOTH WORLDS higher rates with removal of carry trade engine plant !!! with widespread price inflation, you have erosion of fixed money that is inescapable, even in the face of wage stagnation or decline why do you have such a hard time foreseeing stagflation over the horizon ??? stagnating economy rising inflation and interest rates how did interest rates rise in the 1974-1980 timeframe? / jim