a: wage pressure ~
b: a freight train
What:
"FREIGHT TRAIN MODEL. One view holds that wage pressure is like a freight train--it is slow in coming but very hard to stop."
Useful?
Writer: Rudi Dornbusch
LCC:
Where:
http://www.bloomberg.com/news/articles/1997-04-20/say-goodbye-to-easy-money-and-hello-to-higher-risk
Date: Nov 19 2015 8:17 PM
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