View Single Post
Old 07-01-2007 | 08:48 PM
  #7  
JMT21's Avatar
JMT21
Gets Weekends Off
 
Joined: Jan 2006
Posts: 305
Likes: 0
Default

Originally Posted by Pilotpip
The stock market isn't a good indication of the economy. Unemployment is up, new jobs are down, home sales are down, the list goes on.

The money made on Wall Street has very little to do with the middle class.
Actually the stock market isn't too bad on an indicator as they rely on BLS data pretty heavily. Your going to be surprised:

http://www.bls.gov/eag/eag.us.htm

And June data:

http://www.cnbc.com/id/6048643/for/cnbc/

If more of middle class would start sticking their money in Wall Steet they may find they wouldn't be middle class for long. The U.S. economy is a damn hot box right now.
Reply