You're cherry-picking the numbers to build your conclusion.
Just throw one more variable in there: number of jobs. There were a million jobs created in the last 8 months. If the average hourly wage drops a few cents, and two million more people make that per hour, what happens to consumer spending power?
What does your Bloomberg source say if you read the whole thing?
Quote:
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The economy probably will grow at a 4 percent annual rate this quarter, slowing to 3 percent by the last three months of the year, according to a Bloomberg survey from Jan. 31 to Feb. 8.
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4 percent is AWESOME, while 3 percent is merely GREAT.
03-11-2006, 07:10 AM
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