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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (71006)1/11/2009 9:32:02 AM
From: KyrosL1 Recommendation  Read Replies (1) | Respond to of 74559
 
Flexible wages may be good for economic efficiency, but they don't reduce the depth and length of recessions. The worst recessions and depressions in the US occurred in the 19th century, when wages were at their most flexible. In any case, the US right now has a very flexible wage regime, with unions being the weakest in generations.



To: Maurice Winn who wrote (71006)1/12/2009 3:11:06 AM
From: Snowshoe1 Recommendation  Read Replies (1) | Respond to of 74559
 
Government construction contracts are subject to competitive bidding, so I expect there'll be lots of price cutting in the current environment. If you're worried about the US$, then follow TJ's advice and buy gold. <g>


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