Replies

To: ETERNAL WARMING

If all this economic doom and gloom were true we wouldn't have the extraordiary auto sales, the ever increasing number of home sales.....etc.

The mall parking lots are jammed.

13 posted on 07/30/2004 5:59:39 PM PDT by OldFriend (IF IT'S KERRY.....HELL IS ON THE WAY)

we wouldn't have the extraordiary auto sales, the ever increasing number of home sales

At interest rates below the rate of inflation. Can you say phony recovery?

15 posted on 07/30/2004 6:07:16 PM PDT by sarcasm (Tancredo 2004)

You're right about that. Mall parking lots. That used to amaze me when we were in the depths of a "recession" but there was still nowhere to park at the mall.

I think another factor in the "average" wage data is still coming from the fallout of the dot-com bubble. Lots and lots of way overpaid IT and other professionals at massively overcapitalized -- and failing-- companies... those folks eventually get back in the workforce at far lower, yet more realistic, dollars.

Another factor yet is the aging demographic of the population. Retirements are accelerating, and will be even more so in the next couple of decades. Those people are typically coming off of the rolls at the top of the salary scale.

Just a couple of things.

24 posted on 07/30/2004 6:26:06 PM PDT by Ramius (The pieces are moving. We come to it at last. The great battle of our time.)

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