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Originally Posted by southrnfried
Ok how many here that actually work are earning the same as they did in 2001?
So you're solution to the fact that the economy is growing is to change the definition of which statistics to follow? And is this change based on your political ideology or an actual attempt to determine market trends?
Simply put a growing economy means more jobs. The primary market that's taken a hit the last couple of years is the housing market and that's all about predatory lending and illegal immigrant labour.
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I'm saying these statistics are meaningless to most americans and have no connection to the financial well being of most americans. I couldn't care less if people who need to follow the "market" use these measures all the time. I'm just tired of them being touted as meaningful to most people. For most americans the important statistics are wage growth and buying power. Net new jobs is also important but net new jobs that pay as much as the old ones is even more so.
Professional investors find these numbers very helpful but they are the wrong ones for determining public policy.