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


To: regli who wrote (49275)4/5/2006 8:34:51 AM
From: shades  Read Replies (1) | Respond to of 116555
 
Now how can we double wages fordism style when you post an article that chindia just now going to follow marx's globalization of capitalism and we have unlimited supply of workers - did ford have that in 1914?

This guy was just on CNBC:

David Rosenberg
Merrill Lynch
Chief Economist

He said workers spend from 3 places. Credit, income, savings - and income and savings aren't where the spending is coming from - that credit is OUT OF CONTROL - steam started shooting out of Steve Leesman's ears as he tried to spin that negative into a giggly happy thing and had them cut to commercial break before he would tackle that idea! HAHA! God how does he sleep at night on his nice expensive silk sheets? You know LEESMAN was in Russia during thier catastophes - maybe a dark cloud just follows that guy.

Then Rosenberg went on to say the market is overvalued with a 25 pe versus an average 20. They better never have this guy on again - he is Mr. Negativity this morning. He did say 5% is IT! HAHA!

"You don't need an equitable distribution to have a sustainable recovery," said Jared Bernstein, a liberal economist in Washington.

The next presidential election will be interesting eh?