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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (11291)4/4/2004 9:54:07 AM
From: orkrious  Respond to of 110194
 
inflation watch

yesterday my wife bought new nickel handles at Expo for our kitchen cabinets. they were $2.99 each. she first looked at them in november of last year, when they were $2.79 each.

the price increased 7% in five months.



To: russwinter who wrote (11291)4/4/2004 10:15:25 AM
From: Square_Dealings  Respond to of 110194
 
If the US maintains its strong dollar policy in the midst of the weak economy it will be curtains on any hopes of a recovery imo.

The aftermath of the Japanese bubble proved that maintaining a strong currency was the wrong thing to do.

So the guys at the top better be sure there is in fact a real recovery taking place, otherwise higher interest rates and a stronger dollar are going to kick us in the butt.

M



To: russwinter who wrote (11291)4/4/2004 12:16:07 PM
From: Little Joe  Read Replies (1) | Respond to of 110194
 
Russ:

Do you believe the job numbers are accurate?

Little joe



To: russwinter who wrote (11291)4/4/2004 12:27:32 PM
From: Mike da bear  Respond to of 110194
 
I think the job situation is dire with respect to those looking for a job paying in the 40-100K range. Retail jobs of 20K a year aren't enough to pay the mortgage & raise a family for those in high cost areas like New England. White collar jobs are disappearing, replaced with retail jobs. We keep building shopping centers, It's the american past-time now...shopping.



To: russwinter who wrote (11291)4/4/2004 12:34:24 PM
From: Silver Super Bull  Read Replies (1) | Respond to of 110194
 
RW,

RE: "I don't see evidence that the job market is dire, yet."

What I find most interesting is that even the vast majority of economists who think that inflation is "virtually nonexistent" and that the economy is strong think that there is something seriously awry in the fact that the job growth since the "recession ended" has been basically nonexistent. Sure, we may have (or may not have) created 300,000 jobs last month, but the cumulative job loss that has not been made up since the recession ended is still around 2,000,000 jobs. And no one, not even the Bush people, are denying that.

Of course various people think the 300,000 jobs are evidence that everything is "back on track;" in fact one moron TV commentator I heard said that if you have 300,000 jobs created each month until November the 2,000,000 figure basically disappears.

I for one think that even if one believes the -2,000,000 figure is accurate, there is still a lot of data needed. For instance, are the jobs that are finally being obtained paying $10,000 a year or $100,000 a year on average? It makes a hell of a difference IMHO.

DB