As long as housing and stock prices are rising, you can know for certain the economy is getting worse. A free market, where prosperity is growing, is indicated by one single signal: falling prices.
The Government policy is to reward certain segments by rising prices relative to other segments. It has gotten out of hand, and now we are in an economic mess.
The powers thet be know that prices (and wages, which is the price of labor) must fall for improvement, but they thing they can prescribe it.
IMF Proposes Spain Reduce Wages by 10% in Two Years
Via Google translate, La Vanguardia reports IMF Proposes Spain Reduce Wages by 10% in Two Years
Read more at http://globaleconomicanalysis.blogspot.com/#ZU32i1lTVx5YFef5.99
Good luck with that.
Feel free to forward this by email to three of your friends.
The Government policy is to reward certain segments by rising prices relative to other segments. It has gotten out of hand, and now we are in an economic mess.
The powers thet be know that prices (and wages, which is the price of labor) must fall for improvement, but they thing they can prescribe it.
IMF Proposes Spain Reduce Wages by 10% in Two Years
Via Google translate, La Vanguardia reports IMF Proposes Spain Reduce Wages by 10% in Two Years
Read more at http://globaleconomicanalysis.blogspot.com/#ZU32i1lTVx5YFef5.99
Good luck with that.
Feel free to forward this by email to three of your friends.
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