Lately I’ve been hearing an alarming number of pundits suggest that the reason for wage stagnation is the lack of inflation and the actually presence of deflation in the economy. Inflation - so the argument goes - would have the laudatory effect of exert pressure on the private sector to raise wages.
Really? Seriously???? What are you smoking?
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In the wake of the Wisconsin protests that seem to have spread across the rust belt - there appears to be a glimmer of hope that the public has finally awakened from their stupor of complacency.
This is in part happening because the props holding up the middle class have been knocked out from under them. Easy access to credit - GONE! How about cashing out some of the untapped equity in your home? You’ve gotta be kidding me - WHAT equity?