Basic Facts about Wealth and Poverty

Doug Henwood dhenwood at panix.com
Sun Jun 7 14:15:12 PDT 1998


Rob Schaap wrote:


>If half the top 500 US companies are declaring declining profits and you
>have a persistent current account deficit problem that ain't gonna improve
>under this strong a greenback, and if Japan's Yen is obviously not gonna
>play a positive part in rejuvenating SE Asia - well, exactly where are
>these 'strong fundamentals' we're always hearing about?

A balanced budget, 1.4% inflation, 4.3% unemployment, 296,000 new jobs in May, 3% year-to-year real wage increases....

It may not be utopia, but who's doing better?

Doug



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