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

To: zamboz who wrote (90853)	1/27/2008 10:46:14 AM
From: benwood	Respond to of 110194

My own 'regular' increases in wages have been about 1/2 to 1/3 the actual inflation rate over the past 15 years. The exportation of many high paying jobs even makes those sorts of increases dubious, as for many they find out their jobs, and not their debts, have been inflated away.

To: zamboz who wrote (90853)	1/27/2008 10:42:04 PM
From: Proud Deplorable	Respond to of 110194

"The companies benefiting from increased overseas sales will find it easiest to give pay increases." This is a possibility. I wonder what the current ratio of imports to exports is and compare it to 20 years ago.

To: zamboz who wrote (90853)	1/27/2008 11:39:38 PM
From: Proud Deplorable	Respond to of 110194

No pay increases in store: "The banking leaders much prefer a recession to a big bout of price inflation. They have a destructive policy at work, to prevent what they call ‘Secondary Inflation Effects’ from taking root. In other words, they can tolerate systemic price inflation in energy costs, material costs, service costs, insurance costs, but heaven forbid any increase in wages. They steer the system towards a Middle Class squeeze." kitco.com