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

To: Cogito Ergo Sum who wrote (34694)	6/30/2005 4:54:57 PM
From: JBTFD	Respond to of 306849

My BS meter is tripped by 3 of those statements: <<2) That U.S. unemployment rates at 5.1 % are almost 50% LOWER than Europe and the REAL unemployment rate in Japan.>> This statement ignores the fact that the US unemployment number is a cost number, not an accurate count of how many people are unemployed. The statement itself may be true, but it gives an impression that is incorrect. <<4) That household liquid financial assets have increased in the last three years in excess of household mortgages, financial debt AND household-shared foreign debt.>> If this figure is true it must be skewed by the stock ownership of Bill Gates and Larry Ellison, etc. It is not an experience that is widely shared. The key word being liquid. <<OR that wage and salary rates have grown 10 PERCENT on an annualized basis, based on the revised fourth-quarter stats.>> This I find very hard to believe.