"News that's not known, or not known enough."
Helen & Harry Highwater's cranky weblog of news and opinion.
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"News that's not known, or not known enough." Helen & Harry Highwater's cranky weblog of news and opinion. |
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Blast from the past: Whip Inflation Now (WIN)
And so it goeth: Bubble begat Son of Bubble, which beggatteth Son of Son of Bubble, and so on. Or in elementary terms, chum, the price of everything else must now rise if real estate and stock prices are not allowed to fall. Otherwise, real estate would not be economically viable, since who could afford to buy, or even rent a half-million dollar house in McBurbia (which is just west of Bumtrip Township in South McNowheresville.) It sure is a good thing that the Democratic Congress managed to raise the minimum wage to $5.85 last year. $5.15 just wasn't nearly enough. The extra daily wage is just enough to pay the Overlords for the gasoline to drive to a McJob! It sure looks like the Inflation Genie is out of the bottle. Within not too long, workers will be striking for higher wages and we'll see inflation going higher and higher and higher.
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