What good is a Dow of 13,000 if dollars have lost their purchasing power? Why doesn't anybody ever take inflation into consideration? Are the people on top who create the fiat currency basically robbing working class Americans?
2007-05-15 10:12:38 · 3 answers · asked by Pete Schwetty 5 in Social Science ➔ Economics
...they'll spend even more than the Republicans? Wow that's some feat.
2007-05-15 10:42:01 · update #1
omg...the 99cent store? You're kidding me right? yeah, kinda tough to raise prices of imported factory seconds in a retail outlet that has '99cents' on the company banner. Try shopping in a real store.
2007-05-16 03:28:32 · update #2
For working class Americans, a better measure of prosperity would be average wages versus inflation, not the Dow versus inflation.
I think you've pointed out that the wealthy people who own stocks really aren't that well off, once you consider inflation...
2007-05-15 11:21:06 · answer #1 · answered by Bjorkmeister 5 · 0⤊ 0⤋
Poor doomer and gloomer aren't you. Let not your heart be troubled. Soon the Dems will be in and raise taxes and spend more and make you think that a lower dow is a good thing.
2007-05-15 10:21:12 · answer #2 · answered by TAT 7 · 0⤊ 0⤋
99 cent store in 2000 was the same 99 cent store during 2007. hmm... i wonder whats going on.
2007-05-15 14:25:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋