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

To: mishedlo who wrote (20773)1/8/2005 12:43:11 PM
From: Tommaso  Respond to of 116555
 
He says, "Conspicuously, nobody speaks of a dollar crisis at present or in the future. "

Paul Volcker certainly did.



To: mishedlo who wrote (20773)1/8/2005 1:24:00 PM
From: yard_man  Read Replies (1) | Respond to of 116555
 
>>A "self-sustaining" U.S. economic recovery urgently needs accelerating employment and income growth. Just the opposite is happening.<<

And he just looks at wages in his discussion following, no? Consider the totality -- all of the cuts in medical plans and the coversion of defined benefit plans to employee contribution type plans. Employees are seeing real declines on the whole, I think, if the arithmetic were done properly.


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