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

To: UncleBigs who wrote (53091)	7/7/2006 12:55:34 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Brookfield: Second-quarter new orders fall 49% marketwatch.com

To: UncleBigs who wrote (53091)	7/7/2006 12:59:54 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 116555

<<exactly why I believe we will be facing a glut of everything and a devastating deflation.>> What do you see happening to the large number of people with government jobs? Seems like in every family, at least one member is on the public dole. If the prices go down under deflation (or the buying power of a dollar increases) why wouldn't the huge number of people working for the government do well. You don't see them accepting wage decreases do you? Steve