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

To: mishedlo who wrote (40544)	11/3/2005 12:55:11 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

Mish, this is good stuff on Productivity and Compensation from Dr. Kash: angrybear.blogspot.com Excerpts: "Real compensation growth that is below productivity growth means that unit labor costs fell during the quarter. That's good news for the US's inflation prospects; if unit labor costs were rising, the pressures on inflation would rise as well." And after some analysis, his conclusion: "To me, this suggests that the labor market is still quite weak. And while good news on the inflation front, that could spell trouble for economic growth."