Pa’in with interest Jul 8, 2009
Troller wrote on Jul 4, 2009 8:15 AM:" Thanks for the update. I mistakenly thought the DFL (who has controlled this state for the past 30 years in the house and 60 years in the senate) wrote the budget. While the DFL tries to put out financial fires with copious amounts of taxpayer cash, that mean old governor controls the nozzle. Now that the bubble in the housing market, stock market and every other financial underpinning in this country has burst, it's Pawlenty's fault. And Bushes fault. And... (Winona Daily News, MN)
Rising national debt raises prospects of eventual inflation Jun 29, 2009
If the central bank doesn't step in and raise rates to cool off the economy, it can set off a wage-price spiral. And at the very worst, it can trigger hyperinflation, when the government prints more and more money, devaluing it to the point where a wheelbarrow is more valuable than a wheelbarrow full of cash. (USA Today -- Money)
Singapore May Devalue Currency, Allow 4% Decline by June, Survey Shows Mar 30, 2009
Weakening the currency may limit price declines so it doesnt become self reinforcing or enter a negative wage price spiral. . (Bloomberg -- Asia)
No end to gloom until the US fixes its banks Feb 28, 2009
In a situation of labour shortages, wages rise excessively thus feeding a wage-price spiral. The authorities become alarmed by the growing inflation pressure and start applying the brakes - raising taxes or, more likely, raising interest rates to discourage borrowing and spending. (Sydney Morning Herald -- Business)
This recession is different from the norm Feb 28, 2009
The economy booms and wages rise excessively, feeding a wage-price spiral. The authorities become alarmed and start applying the brakes raising interest rates to discourage borrowing and spending. (Sydney Morning Herald -- Business)
Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with Finland Feb 9, 2009
High wage increases have raised the risk of a wage-price spiral that could maintain inflation above the EU average and erode competitiveness. Looking forward, rapid aging and slowing productivity threaten longer-term growth, competitiveness, and fiscal sustainability. (IMF News)
