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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Elizabeth Andrews who wrote (25404)12/13/2003 3:58:55 PM
From: NOW  Read Replies (1) of 39344
 
"US Savings Accounts have DEFLATED since mid-September.
Consumer Borrowing from SAVINGS Institutions spiked in October, and is up +7.5% nominally since the end of the 1Q.
Average Hourly Earnings have grown at a nearly NON-EXISTENT +0.3% annualized since the end of July.
The year-year increase in Average Hourly Earnings plunged to +2.1%, a MAJOR new SECULAR LOW, with several 'industries' now revealing outright yr-yr earnings DEFLATION.
Two million people have been looking for work longer than 27 months, a new high in terms of the 'long-term unemployed'.
AND, in a somewhat shocking statistic, we note:
The BLS reports that 1.024 million jobs have been lost since the "End of the Recession", with the number of Employed FALLING on a year-year basis within the November report."
Greg Weldon
Sounds like an industrial boom to me.....
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