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Sunday, August 30, 2009

Memo to Bernanke: "No Wage Growth; No Recovery"

Memo to Bernanke:
"No Wage Growth; No Recovery"

By Mike Whitney

It should be fairly obvious by now that US consumers are undergoing a generational shift and will not be able to lead the way out of the recession as they have in the past. Nor will they miraculously "bounce back" and provide demand for products made abroad. Continue

http://www.informationclearinghouse.info/article23378.htm

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