Tuesday, August 3, 2010

Bernanke Says Rising Wages Will Lift Spending

The New York Times Headline Says It all. This beats Greenspan some of Greenspan's worst predictions.



Anastasia said...

I guess Bernanke didn't get the memo that real wages have generally been going downward the past few years...whoops.

michael perelman said...

Not years. Decades. Real hourly wages peaked in the early 70s.

Jack said...

I would guess that Bernanke got a raise and that's the basis for his comments. Like most upper echelon corporate sycophants he's having difficulty seeing beyond the scope of the blinders he's been wearing for a long while. Did Bernanke miss these few recent items?



And even some executives are in danger, if they're not corporate executives that is.