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lquadland10 (< 20)

Our central bank and no sign of wage inflation.......Yet.........

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July 07, 2008 – Comments (4) | RELATED TICKERS: GLD , HAL , POT

"The risks to inflation are likely not symmetric and they have definitely increased. We cannot and will not allow a wage-price spiral to develop," she said. Yellen is not a voting member this year of the U.S. central bank's Federal Open Market Committee, which sets monetary policy.   Oh the central bank is going to be so supprised and shocked and behind the curve again that the markets will freek again. Little knowed fact that in Nov. (Election Time) min wage is due to go up $1.00 from $5.85 to $6.85.  Yellen said We cannot and will not allow a wage-price spiral to develop," she said. Code words are we are going to keep you dirt poor. SUPRISE YELLEN and our central bank 1/3 of the country are going to get a pay raise and that amounts to 20 million people getting $8.00 a day more. What is that going to do their figures then? Time will Tell. Fool on my friends fool on.

4 Comments – Post Your Own

#1) On July 07, 2008 at 3:29 PM, saunafool (98.74) wrote:

Yes, please, allow the price of everything people need to buy to rise, and keep printing money as fast as you can so that the dollar stays weak against all other currencies, but NEVER allow the wages of Americans to rise. That would be a disaster.

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#2) On July 07, 2008 at 3:31 PM, lquadland10 (< 20) wrote:

saunafool AMEN

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#3) On July 07, 2008 at 3:38 PM, thought4 (22.65) wrote:

Well with the wage increase in Nov. whoever gets elected will look good because the poor can buy more. They can use the 8 doll a day to buy an extra 2 gal of gas. Unless gas goes higher of course.

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#4) On July 07, 2008 at 3:58 PM, lquadland10 (< 20) wrote:

thought4     8 doll a day to buy an extra 2 gal of gas.That is so sad. When will wall street and corporate America realize how bad it is outside their Ivory Towers? Good call on the election and min wage.

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