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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

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To: Bobby Yellin who wrote (11453)	5/9/1998 3:27:00 PM
From: PaulM	Read Replies (2) of 116833

Bobby, I like the notes about inflation. We have to look at the REAL world of REAL things and REAL activity to understand the economy (really!) You have to laugh when you hear that the CPI must "overstate" inflation because otherwise it implies--surprise, surprise--American real wages have been falling since the 70's. The REAL world evidence that Real wages have fallen inlude: 1. The two worker family. 2. For young people, a) putting off marriage, b) putting off purchasing of a first home, c) putting off leaving the parents, d) putting off having children 3. Fewer children. 4. Increased expednitures on education. Meaning that the wages that are gotten today are gotten only after an up-front investment is made, during which the worker is non only not-paid, but is paying. And many, many more.

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