Bonnie,
If you do find the way the Canadians account for unemployment, do let me know. That sounds quite interesting.
In the meantime I suppose we have a difference in real world experiences to say the least. Certainly Greenspan's charter was to bring down inflation. But then again most of the things I must spend money on are cheaper than a few years ago...my mortgage, my computer, my fuel expenses, and cloths...my God, clothes. I am finding deals (via my wife, of course) that are the prices I payed in Hong Kong back in 95. Really cheap. In fact, I don't know how anybody makes money on them. My wife can't buy the material and make them herself as cheap. So anyway, I don't see how one can doubt inflation has dropped to nil.
All I know is that here in Texas, there are a zillion companies ready to take those Boeing employees (How many years will it take them to phase out those 40 thousand?). All that is needed is that they can breathe. Reading skills might help too, I suppose.
My guess is it doesn't really matter who is right on that point. What matters is that interest rates are at 5.5% and the market will do little, but perhaps a small correction, with rates that low.
Hang in there. And given your arguments...don't quite your day job. <VBG>
B.
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