U.S. Family Income Declines
WASHINGTON (AP) -- After the booming 1990s when incomes and stock prices were soaring, this decade has been less of a thrill ride for most American families.
Average incomes after adjusting for inflation actually fell from 2001 to 2004, and the growth in net worth was the weakest in a decade, the Federal Reserve reported Thursday.
posted by joloco @ 18:32
1 Comments:
Upon what foundation was the booming stock market of the 90's built?
Is it possible that the passing of legislation like Sabarnes Oxley and others now prevents companies from artificially inflating their E&P like they did in the 90's and that the only thing that has happened since then is that the market now accurately reflects the true worth of the companies trading on it?
Or perhaps you think it would be a good idea to go back to a day when companies stock prices sky-rocketed but then crashed when everyone realized it was all hype and no substance.
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