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WAGE DEFLATION – BE AFRAID….

11 May 2009 by Cullen Roche 1 Comment

Be very afraid.  Tom Keene elaborates on the real weakness of the most recent jobs report.  You still think the consumer is going to lead us out of this weak economy?  I recommend you not watch this video then:

Cullen Roche

Cullen Roche

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Comments
  • Anon3

    Countering this could be the revival in power of unions under the administration of Charismatic Leader. That's his voting base, he will aggressively attend to their needs, and the new gold standards could become union jobs and government jobs where it is practically impossible to get fired and very safe to assume mandated pay increases every year. Hiring by the government and exploding union membership could likely be two new hallmarks under CL.

    05/12/2009 at 5:47 AM