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 : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (62200)	5/31/2005 11:56:19 PM
From: Skywatcher	Respond to of 81568

more bush reality bond yields just dropped under 4%. I would bet the bond market is smarter than the pols: *** A note from Dr. Kurt Richebächer: "What has been the economic reality in the United States in the past four years, with real GDP growth of 10.4% and an increase of overall real wage payments by 3.9%? "At any rate, it is the worst employment performance on record for the United States in the postwar period, and also the worst in the world. We owe the following details and the chart below to the Economic Policy Institute in Washington. "Since the start of the recession, 46 months ago (March 2001), the U.S. economy has added a negligible 62,000 jobs. Private-sector employment, however, is still down 703,000, contracting by 0.6%. Though the job numbers improved in 2004, the growth rate for nominal hourly earnings -2.6% -was the lowest in the history of this wage series, which began in 1964. At the same time, consumer price inflation accelerated from 1.9% in the prior year to 3.3%. "Last year, this pattern of decelerating wage rate growth versus accelerating inflation rates led to the first inflation adjusted decline in hourly wages since 1993. Over the four years since 2000, average weekly earnings have edged up overall by a paltry $1.08, to $276.70. That is an increase by a fraction of 1% over a period of four years."