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| mp3 tupac shakur, kevin dillon, literature, all eyez on me, jack straw., california, local punk band, feature film action/adventure, battle dress uniform, bulletinboard, hip, jason london, musician jokes, naming, music magazine, slavery, gear, michael chapman, randy quaid, picture tupac, gabe jeffrey, by francesca lia block, slanderous, | Ok, GDP: grew at 3.8% in the first quarter, 3.3% second. The 10 year average is 3.2%. It has grown every quarter for almost three bullet straight years. Unemployment: 4.9%. The lowest in four years. The 10 year average is 5.1%. (For 20 years, it is 5.8%). In Germany and France it is currently at 11.6% and 9.9% respectively. The ISM index, which bullet shows the strength of manufacturing fell to 53.6 last month. Any value above 50 means growth (in manufacturing). "Since bullet 1970 the ISM manufacturing index has averaged 52.5, while since 1990 the index has averaged is 51.9." It has been above 50 for 27 straight months, "the longest expansion in the sector in more than 16 years." Corporate profits are up. |
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| This is what all eyez on me I was talking about. Your first post indicated that this is the type of inflation you were referring to as well. Cost-push inflation is what happens when the price of a ubiquitous input (oil) rises and all eyez on me creates price increases throughout the economy. This type of inflation is bad for everyone. all eyez on me Your second and third posts are referencing cost-push inflation. I agree that high gas prices are bad. So, on the topic of the original argument, wages typically rise with inflation. Few people are on fixed incomes. (Demand-pull) Inflation has the effect of increasing earnings for most Americans. Not just those with out of control credit card debt or homes they can't afford. Most people have some sort of debt. [ ...reply just to this | comment on the story... | next new ] 132. Re: Come down from your ivory tower by 0tim0 at Fri 2 Sep 1:43pmscore of 1 in reply to comment 130 How can you claim that the economy is "doing fine" when most major economic indicators indicate that economy is doing far worse than normal? |
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