On Tue, Sep 23, 2014 at 8:05 PM, Marv Gandall <[email protected]> wrote:
> > On Sep 23, 2014, at 1:50 PM, raghu <[email protected]> wrote: > > > Per the article you cited, the results seem rather mixed. > > I didn’t see this in the article, but perhaps a case can be made. In what > way, “mixed”? > Well, inflation is up and unemployment is way down. Against that, you have the lack of wage growth. I think the GDP numbers are hard to interpret one way or another, but a negative "real GDP" number may merely be a reflection of high inflation. I don't think a prolonged period of low unemployment is compatible with low wage growth, so something will have to give. But it seems to me that this could go either way. -raghu.
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