Maybe someone show show Mr Fisher the definition of dead cat bounce.
And yes global economy is accelerating, mostly as all the work accelerates its way into India and China.
Wages are deflating, and worse yet, cities used to be high wages and in a real recession cities where people with higher wages worked will start lay off’s while the small towns start hiring and people will move to those towns where they will do the same job for 1/2 the $$ cos their cost of living is now less than 1/2. The last few years, there has been no difference in wages from big cities to small towns. Now we are begining recession. Fasten your belts, this is going to be erratic and painful.
Cool.
Srinath.
