Quote:
Originally posted by bethany1982
Come on Kitso, you know they are creative. Besides, the numbers lie. They lie I tell you. Lies... all lies. Just because productivity is at an all time high, average wages are at all time highs, the stock market is kicking butt again, unemployment is starting to come down... the numbers are lies. We need more entitlements. We need more government involvement in our daily lives. We need... We deserve... We... I... Me...
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Eh, the economy isn't out of the clear yet.
This isn't an attack so don't take it as such.
Productivity isn't really at an all time high. There have been far too many mass layoffs lately to warrant such a rise. There simply isn't enough manpower to create such a rise in productivity.
But, the stock market isn't really "kicking butt" it has been doing better but it's not up to radical greatness as of yet. There have been a few days of significant stock price increases but it can change with the drop of a hat.
Wages are at recent highs but the unemployment rate is barely dropping (if at all) but instead large corporate layoffs are slowing down. It's at something like 6% right now and companies need to start hiring people - lots of people and quit laying people off in order for that to start declining.
Consumer spending along with consumer confidence is up which is good but that's only part of the "bigger scheme of things."
Hold on tight kiddos, we still have a ways to go. But I do like the way things are looking as of right now.