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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (20732)	7/4/2002 12:24:52 AM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

>>Ooops, except tax receipts by the states and feds point in an entirely different direction<< Well, as ANYONE in the loop knows, DAK, tax receipts are down primarily due to declines in capital gains taxes paid. >>And BTW where do you get 3.9%<< Oh...just the BLS, though the 3.9% number includes increases in benefits paid. Back out benefits and "average weekly earnings rose by 3.2 percent, seasonally adjusted, from May 2001 to May 2002. After deflation by the CPI-W, average weekly earnings rose by 2.4 percent." bls.gov >>ANYONE in the loop knows what's happening, and it's NOT pretty<< Not pretty at all, unless you happened to be one of the 787 companies receiving a total of $6.2 BILLION in venture financing in the first quarter of 2002. ssti.org And, just as a btw, I just rolled over my company's working capital line of credit at 6%. Signed the form, off I went. No bitching from the bank about how hard it was for them to finance my deal.