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The Big Squeeze The Consumer Price Index rose 4.1% in 2007, which was the biggest increase since a 6.1% jump in prices in 1990. Average weekly earnings, after adjusting for inflation, dropped by 0.9% in 2007, the biggest setback since a 1.5% fall in 2005. Economics are Boring Let’s face it, Economics are boring. They are boring to me. They [...] Well, it was a rough start to 2008. The new year was ushered in with a big drop in the Dow and a rise in oil prices up near $100 per barrel. Although the first day shouldn’t be taken as a harbinger for the entire year, it wasn’t a welcome nor a pleasant way to start off a new year. The Underlying Problems As I [...] Everyone must have been bad this year, because we didn’t get much of a Santa Claus rally. The Dow, S&P 500, NASDAQ and Russell 2000 were all off significantly from their October highs. These indexes were up for the year, but the results were mixed. The S&P was up significantly, while the Dow and S&P were up reasonably [...] |
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