Mish parses the reported data on income decline. Read the whole post at MISH'S Global Economic Trend Analysis
This is doubly interesting because Mish is a subscriber to the Austrian school, and he is one of the few on that side that is calling deflation rather than inflation now.
3 comments:
the link is broken
This is the intended link I think:
http://globaleconomicanalysis.blogspot.com/2011/09/real-disposable-personal-income-drops.html
Oops. Thanks, Oliver. Fixed now. Hugo was correct about the link.
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