Wednesday, October 04, 2006

Sensible Mom: Stock Market At All-Time High, But....

Sensible Mom: Stock Market At All-Time High, But....: "From the Chicago Tribune here's a Debbie Downer article about the stock market surge headlined, 'As Dow Surges, Many Left Behind.' Get your kleenexes ready:
'In current dollars, the economy is more than a third larger than six years ago, with gross domestic product, or annual output of goods and services, exceeding $13 trillion. Joblessness still is low at 4.7 percent.

But much has changed about the U.S. economy since the boom and the subsequent bust. Inequality within American society has grown. The budget deficit is looming as a major problem as the Baby Boomers begin to retire. Health-care costs have skyrocketed. The savings rate is negative as people go deeper in debt or use home equity loans to pay for "

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