Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: bart13 who wrote (63279)	2/3/2007 10:28:12 AM
From: Haim R. Branisteanu	Read Replies (1) of 116555

Thank y very much the graphs are fascinating in the sense that they reflect what I was suspecting. Real wages are the same if not actual down - depending which CPI you consider. In other words the standard of living is sliding substantially and the gap between the "have to have not's" widening tremendously which is a perfect recipe for social unrest which if not corrected fast will kill the American dream. As to the DOW it is a “to narrow” indicator and not fully reflective of the stock market more so that the DOW components have changed over this period. A better picture would be the Russell 2000 or SP 500 as the index is not so sensitive to changes in its components. Intel and Microsoft definitely leave their mark after Y2K wonder if they will eliminate any one of them now. Bottom line holding gold from $35 to today would not be such a bad idea <GG> or just rolling over an crude oil contract from 1972 would return the same. Which brings me back to the point that money is devaluating and taxed and commodities are staying more or less the same, as is unit of work

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