On Jun 15, 2011, at 11:33 AM, James Leveque wrote:
> Does the bear market account for the small bump in income amongst the middle
> and bottom because companies were shifting the money out of the stock market
> and back into wages - or is that too optimistic?
They happened at the same time - the cyclical peak in 2000-2001. If this is from the same CBO XLS that I have, then all levels moved roughly in tandem - rising through 2001, falling into 2003, then rising again.
Doug