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


To: EL KABONG!!! who wrote (22497)8/10/2002 11:05:28 PM
From: Snowshoe  Respond to of 74559
 
Stagnant Wages Pose Added Risks to Weak Economy
By LOUIS UCHITELLE
nytimes.com

Intro...

Although the recession has ended, the wages of more than 100 million workers are still stagnant, endangering the consumer spending that sustains the fragile recovery.

The stagnation in total wages paid to the nation's employees outside of government is now a year old, according to newly revised government data, which paints a bleak picture of the economy. The rising cost of company-sponsored health insurance is also taking a bite out of take-home pay. Rather than pay the premium increases themselves, companies are deducting much of the additional cost from employee paychecks.

The recovery's survival may be riding on how people perceive these constraints on their wages, which they are just beginning to notice, says Richard T. Curtin, director of the University of Michigan's Surveys of Consumer Sentiment. "People are telling us about smaller paychecks," he said. Meager raises or no raises at all are a problem for them, he added, "but what they are really noticing is the loss of overtime hours, which effectively lowers their income. And they are beginning to cut back on spending."



To: EL KABONG!!! who wrote (22497)8/11/2002 4:14:55 AM
From: Joe Copia  Respond to of 74559
 
New thread asks this question. any answers:

Money Supply and the Federal Reserve on this thread.

Today, August 8th, Reuters Market News released the Money Supply data for the week ended July 29th.

Looking back, the following data was available for the M-2 money supply.

w/e July 08th reduced by $6.3 billion

w/e July 15th increased by $17.3 billion

w/e July 22nd increased by $15.4 billion

w/e July 29th increased by $28.4 billion

That adds up to an increase of $54.8 billion in July.

Is it just me, or does that seem like a lot of money created?

Where'd it go?

I took these figures from this site
biz.yahoo.com

That's enough intro.

Does anyone out there know anything about Money Supply and the Fed?



To: EL KABONG!!! who wrote (22497)8/11/2002 4:15:35 AM
From: Joe Copia  Respond to of 74559
 
New thread asks this question. any answers:

Money Supply and the Federal Reserve on this thread.

Today, August 8th, Reuters Market News released the Money Supply data for the week ended July 29th.

Looking back, the following data was available for the M-2 money supply.

w/e July 08th reduced by $6.3 billion

w/e July 15th increased by $17.3 billion

w/e July 22nd increased by $15.4 billion

w/e July 29th increased by $28.4 billion

That adds up to an increase of $54.8 billion in July.

Is it just me, or does that seem like a lot of money created?

Where'd it go?

I took these figures from this site
biz.yahoo.com

That's enough intro.

Does anyone out there know anything about Money Supply and the Fed?

Subject 53221