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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (222156)	3/5/2005 5:58:18 PM
From: RetiredNow	Respond to of 1575427

Hi tejek, you said: Much like your view of the domino effect in the ME, I think your view of the economy is a bit optimistic. Last month was a good month for employment but one of the few increases over 150K [the level needed just to stay in place in terms of unemployment] during the past 6 months. Actually, you are wrong. I went to www.bls.gov and found out that from Feb 2004 to Feb 2005, average total nonfarm job growth averaged 190K per month. That is an average 40K per month more than the 150K you said we needed to keep pace with labor force growth. As far as indexes being down to flat from 2000, you are comparing today's indexes to the final year of the bubble. You may have forgotten that we just went through a recession and a huge market correction. The markets started recovering in 2003 and have performed admirably since then, returning 25%+ in 2003 and 10%+ in 2004. We're up YTD so far in 2005 as well. The deficit does suck though. No arguments there.