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Some Economic News: LA Times: "Los Angeles County poverty rate fell in 2007, census data show: Other Southern California counties also show slight declines. The effects of the sharp economic downturn and rising unemployment since last year are unclear." LA Times: "A gauge of consumer confidence has its biggest increase in two years this month." NY Times: "Average U.S. Income Showed First Rise Over 2000" Then a LAT article asks: We have a market paradox on our hands. Consumer confidence is close to a 40-year low, suggesting that the economy is in worse shape now than in times that seemed far darker, such as the early 1980s, when both inflation and unemployment crept into double digits. Yet many of the current economic indicators, including inflation and unemployment, are rather positive -- or at least not as negative as consumer sentiment implies. So why are consumers, myself included, so gloomy? The article goes on to suggest that consumers helplessness in the face of larger ec
Windsofchange.net Wednesday, August 27, 2008

Hillary's Speech