Many people from Wall Street think inflation is now the biggest threat to the U.S. economy. In Brooklyn many more than Wall Steet's rather think the biggest threat is falling into another recession.
Who is right?
Meanwhile the most significant economic news from the first quarter of 2011 is the decline in real wages.
In fact, millions of Americans, in order to keep their jobs, are accepting lower wages.
What do you get like this?
The only thing you get is consumers who can't buy enough to keep the economy going.
Why doesn't Wall Street get it?
