PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: GROUND ZERO™ who wrote (752742)	10/30/2006 9:32:40 AM
From: DuckTapeSunroof	of 769670

Re: "...how come the U.S. equity markets are making new all time highs?" Er... they are not. At least: not yet. The Dow measured in NOMINAL TERMS (i.e., not real money, not yet adjusted for inflation) is up only about 7% in TOTAL over the past 6 years --- that's far below the rate of inflation. (But after adjusting it for inflation... you see it would have to climb about 2000 more points to approximate the previous peak it reached in yr 2000. A LONG WAY from a 'new high'. PS --- the S&P has actually done better then the DOW over that period....) "our jobless rate is almost nil..." (Not 'nil', but low, yes... LARGELY because the percentage of the population that is EMPLOYED is lower then it has been in decades, and these unemployed are no longer counted in the government statistics.) ...of ALL the employment sectors measured by the B.L.S.... net job additions over the recent 6 year period of time has ONLY come from TWO SECTORS of the economy: government jobs, and the real estate sector (real estate agents, now more numerous then lawyers... contractors, builders, etc.) Job additions to the government sector of the economy have (fortunately) now slowed... and job losses in the previously high-flying real estate sector are just ramping up, but the red tide is expected to rise there for a LONG time yet to come. Message 22950336 Message 22950161 Message 22950233

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