Originally Posted by ganeil
Since 1996 the highest the unemployment rate has been is 6.3%
in June 2003.
I neither gave credit to the President nor did I assign him blame, I simply responded to the assertion that the state of the nation is in the crapper.
Comparing apples to oranges.
GDP (PPP) per capita:
USA - $41,399
PRC - $7,198
Russia - $11,041
India - $3,320
If you are not invested in the stock market than you are an economic idiot. If you are invested in the stock market and not diversified, you are a bigger economic idiot.
Again, the state of the union is NOT
in the crapper.
I did not say it was...
Again, I did not say you could end up loosing ALL of your money (if diversified), but still could loose a big chunk, and after that be NET worth less than if you were not invested at all...(lets say 20% in ENRON) and your gains are <20% otherwise...
As for apples and oranges...maybe in your Math, but "faster growth" usually applies in %, not in ammounts, therefore....
You're correct about the unemployment rate...I was looking at the 1992 previously.