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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (63232)2/2/2007 9:05:51 AM
From: Riskmgmt  Read Replies (1) | Respond to of 116555
 
Hi Haim:
You make a good point.
Today, here in South Florida, cleaners demand and get, $15. per hour to clean a home in Miami and surrounding areas. I doubt any of them have a green card either. 10-$15 years ago it was $4-$5 an hour, so if your assets haven't grown by 3X (using that measure) NET of CG your losing purchasing power.
Of course most owners have seen their properties rise that much or more.

Ray



To: Haim R. Branisteanu who wrote (63232)2/2/2007 12:16:36 PM
From: bart13  Read Replies (1) | Respond to of 116555
 

Would be interesting to see how average hourly wages plot against the stock market and 6% yielding bonds


Here's part of it. Hourly earnings lag a lot.



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