Re: Krugman: you can’t have a wage/price spiral w/o wages
On Jun 19, 2006, at 1:02 PM, Julio Huato wrote:
But the hostages of high rates and a strong dollar are not just average manufacturers, or regular folks with mortgages and maxed out credit cards. It’s also the federal government, the guy with the money printer.
Oh yeah, something that has grown is the debt of quasi-gov’t entities
like Fannie Mae and Freddie Mac. Their debts are big, but nothing
that a few repossessions and reschedulings couldn’t deal with.
Doug