Submitted by madhedgefundtrader on 07/27/2010 - 06:19
Bond China CPI Saudi Arabia University of California
In the new deflation, the value of our income falls, while the prices of things we need to buy are going through the roof. Burning our candles at both ends. Rampant wage deflation means that recent graduates have a grim choice between taking a poorly paid job, or no job at all.