Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (517446)	12/30/2003 6:06:21 PM
From: Bill	Respond to of 769670

Whine whine whine. I bet Krudman did OK this year, that phony baloney.

To: Kenneth E. Phillipps who wrote (517446)	12/30/2003 8:02:52 PM
From: Lazarus_Long	Read Replies (2) \| Respond to of 769670

Krugman. What would you expect. A loud cheer for GWB? You don't mind if a little FACT gets introduced into all this spitting and snarling, do you? Have you heard of leading and lagging indicators? globalindicators.org Start with jobs. OK. Let's. workforcesecurity.doleta.gov That's a leading indicator- -except "down" is "good". Notice where it's going. This workforcesecurity.doleta.gov OTOH, is a lagging indicator. It's how long people stay unemployed. It affects Based on these reports, you may be tempted to speculate that America's economic recovery is an exclusive party, and most people weren't invited. You'd be right. . Commerce Department figures reveal a startling disconnect between overall economic growth, which has been impressive since last spring, and the incomes of a great majority of Americans. In the third quarter of 2003, as everyone knows, real gross domestic product rose at an annual rate of 8.2 percent. But wage and salary income adjusted for inflation rose at an annual rate of only 0.8 percent. More recent data don't change the picture: In the six months that ended in November, income from wages rose only 0.65 percent after inflation. That recovers later after the economic recovery has run a ways.