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


To: TobagoJack who wrote (37140)8/12/2003 2:48:48 PM
From: EL KABONG!!!  Read Replies (1) | Respond to of 74559
 
Hi Jay,

not funded by rising profit/income, and not reinforced by surging capital spending.

Where are the jobs?


Again, the point is that corporations lack effective pricing powers in the "recovery"...

Jobs are thought to be a lagging indicator, so a jobless recovery may not be that unusual, ala the 1991/1992 recovery in the USA economy.

KJC