The Texan
Summer: A Cool Climate Winter: A Warm Climate
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Joined: 01/16/2004
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"The Labor Department said that average weekly earnings, after adjusting for inflation, fell by 3.1 percent in July compared to a year ago, the biggest year-over-year decline since November 1990."
"The third straight month of oversized inflation increases following jumps of 0.6 percent in May and 1.1 percent in June. And it leaves inflation rising by 5.6 percent over the past year, the biggest 12-month gain since January 1991."
Where will it all stop???
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Cloud Dancer
San Antonio and Livingston TX USA
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Joined: 06/08/2001
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That explains it!
Willie & Betty Sue
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Barry E.
Orlando, Florida
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The Texan wrote:"The Labor Department said that average weekly earnings, after adjusting for inflation, fell by 3.1 percent in July compared to a year ago, the biggest year-over-year decline since November 1990."
"The third straight month of oversized inflation increases following jumps of 0.6 percent in May and 1.1 percent in June. And it leaves inflation rising by 5.6 percent over the past year, the biggest 12-month gain since January 1991."
Where will it all stop???
The Academy Awards???
Fleetwood Pace Arrow
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Doug4.7
Hartselle, AL, USA
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Joined: 10/02/2003
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The Texan wrote:"The Labor Department said that average weekly earnings, after adjusting for inflation, fell by 3.1 percent in July compared to a year ago, the biggest year-over-year decline since November 1990."
"The third straight month of oversized inflation increases following jumps of 0.6 percent in May and 1.1 percent in June. And it leaves inflation rising by 5.6 percent over the past year, the biggest 12-month gain since January 1991."
Where will it all stop??? So things have never been this bad before....unless you go back 15 years....
I just love those over-the-top articles. "This is the biggest increase in XXX since last week....". LOL
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Doug4.7
Hartselle, AL, USA
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Sorry, quoted instead of edited. My bad.
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wa8yxm
Wherever I happen to park
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The news likes to make it sound sensational.. The worse it is the better for them
So yes, we have been her and done that already
The inflation rate for last month was like 0.8% (times 12 that's what 9.6% for a year) that's bad, very bad, I can remember when it was in the teens however, and not, all that long ago
Nothin adds excitment like something that is none of your business
Kenwood TS-2000 housed in a 2005 Damon Intruder 377
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Stressor
Milwaukee, Wisconsin
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Sorta reads like a tinfoil hat thread don't it?
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KeninAZ
Prescott, AZ
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Joined: 06/22/2002
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I saw a post the other day from LA that said that gas prices are not as bad as everyone thinks.
But I think the writer lives in a dream world.
It's not just the price of gas, it's all that's related to energy.
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KeninAZ
Prescott, AZ
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wa8yxm wrote:The news likes to make it sound sensational.. The worse it is the better for them
So yes, we have been her and done that already
The inflation rate for last month was like 0.8% (times 12 that's what 9.6% for a year) that's bad, very bad, I can remember when it was in the teens however, and not, all that long ago
Aw yes, I can remember the 70s well. I knew a guy that bought a new home and closed at some 12%. He refinanced as soon as he could too.
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Barry E.
Orlando, Florida
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The Texan wrote:"The Labor Department said that average weekly earnings, after adjusting for inflation, fell by 3.1 percent in July compared to a year ago, the biggest year-over-year decline since November 1990."
"The third straight month of oversized inflation increases following jumps of 0.6 percent in May and 1.1 percent in June. And it leaves inflation rising by 5.6 percent over the past year, the biggest 12-month gain since January 1991."
Where will it all stop???
The dollar surged to a two-year high against the pound yesterday, and the price of crude oil dropped to a three month low of $113 a barrel.
While hardly earthshaking news, both are significant indicators of a positive nature concerning the U.S. economy.
* This post was
edited 08/16/08 09:38am by an administrator/moderator *
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