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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (17015)	2/9/2004 1:29:15 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

now here's a guy who really knows whats going on. Its great to finally hear an economist say "Lets face it" in an editorial after all this denial from people who should know better. Month in and month out, the basic story really hasn’t changed. The United States remains in the midst of the most jobless recovery in modern-day, post-World War II history. It’s not the lags — especially after a 6% annualized growth spurt in the second half of 2003 and indications of more vigor to come in early 2004. Nor is it a measurement problem — with a small sample of households conveying a truth that a much larger sample of businesses is missing. Let’s face it: The Great American Job Machine has finally met its match. morganstanley.com