Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Monday, April 11, 2011

Labor costs and inflation

Unit labour costs command a near 90% correlation with the inflation rate ― unit labour costs have been declining in a YoY basis since 2009 Q1; in the 1970s, they didn’t decline for any quarter. There’s no stag in the ‘flation.
---Rosenberg yesterday

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