National jobless rate drops to 4.7%

[Lux]

'nuff said

http://www.detnews.com/apps/pbcs.dll/article?AID=/20060204/BIZ/602040336/1001

[Tyreds Tale]

As someone who has been on unemployment, I appreciate that more of us are working. 4.5% seems about right.

[tattatu]

by creating a shortage of workers, so raises wages, which raises prices -- and sends the Dow lower, but! strengthens the Dollar (more wages earned means Americans will consume more) and increases the likelihood Feds will continue raising interest rates. Stronger dollar means gold prices will go down (temporary pullback) -- its still expected to exceed $600 later this year (it will likely pop, like oil will) How about that zinc!

[tattatu]

This is price increases in US from jan 1 2005 to jan 1 2006

Crude oil 62%
Natural gas 57%
Wheat 9%
Soybeans 15%
Orange Juice 53%
Feeder Cattle (beef) 19% (6mo)
Pork belly (bacon) 14% (6mo)
Lumber 13% (6 mo)
Rice 9%
Sugar 67%
Cotton 8%

For an avg. cost increase of 29%. Also, Gold prices went up 18% and surprise, USDollar went up. Now that's inflation -- low wage workers are going to be s*****. Can you say Ukraine.

[Tyreds Tale]

ya, and bank accounts are still giving 2% interest on savings accounts, or less... Investing in commodities, or at least stocks, is a must at this point.

Do you have the housing price increases, and real estate increases?

The only reason why inflation is not declared as enourmous is because technology has advanced in the last year, so that a computer sold at 1k last year is now $500 this year, offsetting the above increases in prices. If they didnt figure the relative price changes, inflation would be +20%..

[tattatu]

Currently supply deficit is about 1300 tonnes p.a. World output is only 2500 tonnes p.a. No selling until deficit near 700 tonnes. RCB started buying; China upped reserves to 200 tonnes; No ECBs selling since September; Asia following China. Derivatives 25 x actual supply of gold traded.

[Lux]

by creating a shortage of workers, so raises wages, which raises prices -- and sends the Dow lower, but! strengthens the Dollar (more wages earned means Americans will consume more) and increases the likelihood Feds will continue raising interest rates. Stronger dollar means gold prices will go down (temporary pullback) -- its still expected to exceed $600 later this year (it will likely pop, like oil will) How about that zinc!

Zinc!!!!

I knew there would be good news out of this somewhere!!!

http://www.investorsiraq.com/other-investments/14482-zinc-hot.html#post168388

:wave: