News about Inflation and Earnings

http://news.yahoo.com/s/ap/20070118/ap_on_bi_go_ec_fi/economy
from JoeUser Forums

Good news.

WASHINGTON - The Labor Department reported Thursday that consumer prices rose by 2.5 percent in 2006, the best showing since prices had increased by just 1.9 percent in 2003. The improvement came in spite of the fact that consumer prices jumped 0.5 percent in December, as gasoline prices staged a momentary rebound.

The slowdown in inflation translated into more spending power for Americans. The government said average weekly earnings for non-supervisory workers rose by 2.1 percent last year, after adjusting for inflation. That was the biggest gain in nine years.

politics
2,090 views 4 replies
Reply #1 from JoeUser Forums Top

And despite the $3/gal for gas we paid for part of it too!

Let's recap.  Stock Market at 12.5k,  inflation down, housing normal (after some real super heating), job down to 4.5.

Yep!  Worst economy in 50 years!

Reply #2 from JoeUser Forums Top
All that doesn't mean anything Dr. Guy.  There is a deficit therefore we must overtax Americans!
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Reply #3 from JoeUser Forums Top
There is a deficit therefore we must overtax Americans!


Yea, the rubes here are about to learn that Macaca is not as bad as a bad webb apple!
Reply #4 from JoeUser Forums Top
I don't think some people like good news from the economy.