Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (52953)	9/4/2004 3:39:09 AM
From: Taikun	Read Replies (1) of 74559

From Northern Trust's Kasriel, one of my favorite economists: "hourly earnings are falling short of the current pace of inflation" "If the current recovery in nonfarm payrolls were comparable to the average post WWII performance, a total of 10.5 million jobs would have been created, compared with a meager increase of 604,000 jobs." ntrs.com Now if they can spin it well enough we might just get nice enough bond yields by December to warrant some rotation. Gold might drop sub $400 again! Whomever wins this election will have to deal with the side effects of this lie. It will not be pretty.

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