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IPFS News Link • Inflation

"This Sucker's Going Down..."

• Zero Hedge

Authored by MN Gordon via EconomicPrism.com,

Asset prices, like houses and the major stock market indexes, have lost all visible connection with the underlying economy.  However, wage growth has stagnated; over the last 40 years low level wages have only increased by $0.32 per hour in real inflation adjusted terms.  Stocks and residential real estate, at the same time, have gone to the moon.


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