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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.19-0.1%3:59 PM EST

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To: RetiredNow who wrote (65604)6/23/2004 12:51:43 PM
From: Dennis Doubleday  Read Replies (3) of 77400
 
> Wages have INCREASED and jobs growth is on a tear.

Mindmeld,

Wage growth is lagging inflation. Try this on for size: billmon.org

Not only that, but since the "end" of the recession, corporate profits are up about 62% while real median wage growth stands at -0.6.

It is easy to see why those in the investor class think things are just fine, though.
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