On 2/5/07, paul phillips <[EMAIL PROTECTED]> wrote:
My followup question got lost in this reply so, in the light of subsequent comments, let me ask the question of Doug and others, why has the employment rate held up despite the negative savings rate, the deflating housing bubble and the contracting manufacturing sector?
China, Japan, and the Gulf states pay for American consumption, keeping interest rates low. -- Yoshie <http://montages.blogspot.com/> <http://mrzine.org> <http://monthlyreview.org/>
