From: Gary Britt 

Reports out today or yesterday say inflation has been very moderate
recently which is low considering non-moderate inflation these days would
be anything above 3 to 4 percent per year.

The economy is doing well.  There are a few rust belt industries in Ohio
and Michigan that have been slowly on a death march largely due to Union
excesses of the past 40 years.  The precedents set with the Unions in the
60's and 70's were the slow death knell for these industries.  Combine that
with management screw ups, and they aren't able to compete.

Gary

Geo. wrote:
> "Gary Britt"  wrote in message
> news:4670583f$1{at}w3.nls.net...
>
>> WASHINGTON (AP) - Consumers brushed off rising gasoline prices and
>> slumping home sales to storm the malls in May, pushing retail sales up
>> by the largest amount in 16 months.
>>
>> The Commerce Department reported that retail sales surged by 1.4
>> percent last month, compared to April, double the increase that
>> analysts had been expecting. Retail sales had fallen by 0.1 percent in
>> April.
>
> Wow, 1.4% of which .9% is inflation. Oh and what are retail sales
> exactly, is that non-auto sales, you know, all that stuff that says
> "made in China"?
>
> Geo.

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