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The sky must not be falling: Dow breaks 14,000
Even as the odds of a recession rise, and red ink flows at some of the world's biggest banks, Wall Street parties on.
Andrew Leonard [2007-10-01]

  • People's Index Funds

    The classic case is the announcement of layoffs by a company, followed by an increase in it's stock price. So what you folks are saying is that if the little guy is taking it in the groin (as he usually does), investing in Index Funds is a sure bet (for the little guy too, I might add?).

    We need, I think, a Doug Henwood or some left-wing economist to actually create the 'Bob Jones Index,' as Jim Hightower suggested.

    Feed in figures from:

    1. Unemployment (adjusted to pick up those actually unemployed, not just registered with the government as unemployed.)

    2. Underemployed (see 1.)

    3. Overtime worked (mixed signal)

    4. CPI (the real consumer price index, including all commodities like college, medical, gas prices, not the government 'fixed' version)

    5. Actual Wages

    6. Unionization levels

    7. Pollution levels

    8. Taxes paid for corporate welfare, war, defense and secret police, etc.

    9. Tax rates and payments of workers, as opposed to those of the rich and corporations.

    10. Health care availability

    11. Health care costs for ordinary people

    12. Mass transit levels

    You get the idea...

    -- ELYDOG
    [Read ELYDOG's other letters]
    Monday, October 1, 2007 09:45 AM
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