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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (69393)	9/6/2006 10:24:44 AM
From: Wyätt Gwyön	Respond to of 110194

Second-Quarter Labor Costs Jump 4.9% Unit labor costs -- a key gauge of inflationary pressures -- rose by 4.9%, up from the previous estimate of a 4.2% increase and above the 4.1% rate economists had expected. Labor costs in the first quarter soared 9%, up from a previous estimate of a 2.5% rise and the fastest increase since the third quarter of 2000. Compared to a year ago, labor costs increased 5%, the fastest pace since the fourth quarter of 1990. online.wsj.com comment: rising wages are deflationary. coupled with rapidly rising prices in most goods and services, i see nothing but deflation for years to come. pretty soon things'll cost so much it'll all be free!