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The capture of an increasing share of revenues by financiers was also made possible by giving the rest of the population access to more debt, thus allowing them to keep on consuming despite stagnant revenues, further creating demand for financial instruments.

Why pussyfooting around the bush? It's stagnant real wages.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Mon Dec 10th, 2007 at 01:00:55 PM EST
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Is that true of the UK?
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Dec 10th, 2007 at 03:11:47 PM EST
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What other revenues does the "population: have? I you want to talk about stagnant revenues it should be for other economic sectors.

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Mon Dec 10th, 2007 at 03:39:56 PM EST
[ Parent ]
I agree about the word "revenues" but had the impression real wages had risen in the UK (as compared to the US).
by afew (afew(a in a circle)eurotrib_dot_com) on Mon Dec 10th, 2007 at 04:48:33 PM EST
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