EPI? No links from the DNC?
From your "source".
Looks like wages have increased, especially since NAFTA.
Posted on 11/02/2007 5:23:12 AM PDT by Thorin
The euro, worth 83 cents in the early George W. Bush years, is at $1.45.
The British pound is back up over $2, the highest level since the Carter era. The Canadian dollar, which used to be worth 65 cents, is worth more than the U.S. dollar for the first time in half a century.
Oil is over $90 a barrel. Gold, down to $260 an ounce not so long ago, has hit $800.
Have gold, silver, oil, the euro, the pound and the Canadian dollar all suddenly soared in value in just a few years?
Nope. The dollar has plummeted in value, more so in Bush's term than during any comparable period of U.S. history. Indeed, Bush is presiding over a worldwide abandonment of the American dollar.
Is it all Bush's fault? Nope.
The dollar is plunging because America has been living beyond her means, borrowing $2 billion a day from foreign nations to maintain her standard of living and to sustain the American Imperium.
(Excerpt) Read more at worldnetdaily.com ...
Re: exports
Thank you. Some people are totally clueless.
Now as you would amortize a loan, go pull the government's numbers on "Core Inflation Rates" (Big Joke) and the real inflation rates from the gov and run the numbers in an Excel spreadsheet.......I think you'll see something astounding.
Even in 1982 dollars, that's only a total of 9.7% increase for the 14 year period which is not inflation offset.
BTW, thanks for the income data....still....find the manufacturing hours info...GOOD LUCK!!
EPI? No links from the DNC?
From your "source".
Looks like wages have increased, especially since NAFTA.
I didn't post and you never asked for manufacturing hours.
Now as you would amortize a loan, go pull the government's numbers on "Core Inflation Rates" (Big Joke) and the real inflation rates from the gov and run the numbers in an Excel spreadsheet.......I think you'll see something astounding.
What, that core inflation is different than other measures of inflation? Duh.
Even in 1982 dollars, that's only a total of 9.7% increase for the 14 year period which is not inflation offset.
Ummmmm......don't know how to break this to you...... 1982 dollars means they are adjusting for inflation.
BTW, thanks for the income data
You're welcome.
still....find the manufacturing hours info...GOOD LUCK!!
Please ping me when you find what you're looking for.
The total assets of Americans is closing in on $60 trillion.
The debt is working towards $9 trillion. Roughly what we lost on 9/11.
Waiting for practical, responsible, solution...
Waiting...
(crickets)
It's not coming because it destroys their case. The doomer at that grandfather report understands which is why he never mentions assets. He (and RSmithOpt) don't understand the difference between an unfunded liability and debt. I don't think either has ever heard of 'cascading' and how it inflates debt.
They would both probably be shocked to learn that our household net worth hit another all time high last quarter and has more than doubled since NAFTA passed. Our net worth is increasing almost six times faster than our national debt. Some folks want to believe this is a bad thing. Go figure.
Looks like the middle class wages have slightly risen but then again looks like they have been going down since 2003. but look at the 95th percentile-there wages have shot through the roof. And you say there is not a growing disparity in wages? No wonder the democrats are going to win in 2008.
You have fun flying on those Chinese made airplanes.
LOL
I just returned from driving down the Oregon coast to CA, then over to Phoenix....I was amazed at the number of west bound, railway container trains holding on sidings, waiting for east bound trains...not a few but dozens of trains...the thought occurred to me, the Chinese, are feedings us “candyâ€, and we are becoming addicted, to cheap foreign made products, much the same as cheap oil.....
When did I ever say that, comrade?
No wonder the democrats are going to win in 2008.
Electing democrats is going to help wages increase how, exactly?
M3 has increased substantially over the past five years but the 10-year is yielding just under 4.5% today. When is all this printing of money going to be reflected in the bond market?
Under such circumstances a far more likely outcome would be a rapid sell-off of the dollar and, along with it, selling off U. S. bonds
Sounds like these circumstances have already happened. If bonds haven't sold off yet, when will they? It looks like we need to be a lot more patient than you are suggesting.
Uh, no.
They are reluctant to accept U.S. dollars for their oil because they aren't fools. See the attached thread for an interesting discussion of this topic, particularly the explanation I provided in Post #69:
1973 U.S. Threat to Seize Arab Oilfields
Keep in mind that the thread I've linked here is almost four years old.
LOL! The number of times this group shows up on a conservative website......
Perhaps these threads should begin with a list of all the socialists and union leaders who control this "think" tank. Would that dissuade the doomers from using them as a source?
If I understand that chart correctly, Looks to me like 107-102 = +5 for the median wage increase in percentages. A total of 5% increase in buying power for 13 years, not bad, hugh? That = less and a 0.4% per year increase.
Now that's positive and that is good, very good.
But what has caught my eye is personal and household debt percentage increases, and add in % personal savings (investment) for that same period.
Comparing those 3 sets of data...........You may see what I'm saying to be of great concern. That's what is making me spell I-N-F-L-A-T-I-O-N and erosion (erasing?) of that true buying power for the median wage earner for this next down cycle through the upcoming election year plus 2 more years.
The manufacturing hours was your first graph according to its header.
Which post are you talking about?
So The embargo was for our support for israel...or against the falling dollar?
Contrary to everything you’ve heard about that silly “embargo” (it was actually completely ineffective in reducing the flow of oil to the U.S.) it was strictly a business decision.
That's what nice about a site that saves all old post. I will find it this weekend and post it.
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