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Porsche-O-Phile Porsche-O-Phile is offline
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Interesting but I'm not so sure it matters much if it doesn't translate to greater buying power. That's the real issue (hence why I brought up sending).

It could be that this is evidence of inflation, not real-dollar wage increases. If dollar numbers go up and people can't buy more with their money (evidenced by either greater savings, greater spending, lower loan default rates, etc.) what's the point? It's a zero-sum game. That's my point.

I don't trust the government numbers for inflation for a minute. I think there's considerable inflationary pressure out there, but it's being downplayed/spun to avoid throwing markets into a panic.
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Old 11-13-2007, 05:33 AM
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