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"We're seeing slowing in sales, slowing in starts. There also seem to be signs that prices are not rising as quickly as they have been for the past few years," he said.
"It looks to be a very orderly and moderate kind of cooling at this point," Bernanke said, adding that the U.S. labor market is strong and incomes are rising.
Rising incomes? Labor market strong? What do you think?? Is Uncle Ben right?
But, along with "average income", you need to look at "average expense". And, the expense has been rising faster than income. Also, look at executive income over the same period. If the "golden parachutes" aren't bad enough, they've gotten a 600% increase in income over the same time period. And, that's not showing any signs of levelling out.
One of the biggest problems this country is facing, is the fact that the news agencies are telling Americans what we're thinking instead of allowing us to think for ourselves. If we did, many of us, if not most, would come up with different answers. And, if all the "smoke screening" was cut off, more of us might see things like this article.
Rising incomes? Labor market strong? What do you think?? Is Uncle Ben right?
Of course, Uncle Ben is never wrong. If he were, he couldn't be working for the most brilliant man to ever exist, BO. I am so glad I can laugh without guilt at all the silly Democrats having temper tantrums over the recent reductions in Food Stamp spending. Less need for them now that we have rising incomes and a strong labor market.
But, along with "average income", you need to look at "average expense". And, the expense has been rising faster than income. Also, look at executive income over the same period. If the "golden parachutes" aren't bad enough, they've gotten a 600% increase in income over the same time period. And, that's not showing any signs of levelling out.
One of the biggest problems this country is facing, is the fact that the news agencies are telling Americans what we're thinking instead of allowing us to think for ourselves. If we did, many of us, if not most, would come up with different answers. And, if all the "smoke screening" was cut off, more of us might see things like this article.
What, people were financially better off in 1989, with those high Clinton taxes than they were after Bush slashed taxes twice? Who could have predicted that? Oh, all liberal economists. It's another example of tax-cut trickery.
In my neck of the woods things are booming again. with real-estate being a driving force. Un-employment here is still at 7.5%
but 7500 new jobs made last month..
Construction in all areas (commercial, residential , and industrial ) is booming along the route 95 corridor; all good signs for
an improving economy. At least for MA. IDK about the rest of the country (i do know that some other states are not so
fortunate) but the MA economy is thriving again...why?? Maybe Location and what drives this state; things like education and a thriving biotech industry, and other sectors...I'm just glad to see things going in the right direction, people getting jobs and such...it's refreshing.
Many on here have written about people who've recently bought fancy cars or other expensive luxury items.
It's truly depressing that we've become such slaves to marketing and material possessions. The avergae American has been brainwashed to equate true happiness with the accumulation of branded materials wares. This phenomenon can and does create somuch misery for so many.
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