Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: orkrious who wrote (60317)	11/23/2002 8:43:59 PM
From: Mike M2	Read Replies (2) of 209892

Ork, wages haven't kept up with RE prices in the bubble areas. There are many competitive pressures keeping wages in check. Rubins strong dollar ( gold suppression) has accelerated the loss of manufacturing jobs. I suspect that unemployment is greater than reported. In the early 60s an average worker could pay his mortgage with one weeks pay from one paycheck. Today it takes a bigger bite from two paychecks to pull it off. I think in the early 90s mortgage rates were 9% now we are under 6% - in that time home prices in the greater NYC area have risen 80-100% or more. The US gov't can print money to pay its debts but the private sector cannot - the private sector is heavily in debt. The best days of debt fueled consumption are over. Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next