Our country is at an interesting time. We could be sitting on the fringe of a massive rally for wages as the unemployment rate skirts full employment. Regardless of how you feel about G Dubya his economic actions have proven value in terms of GDP etc. Post 9-11 we went thru a period of recession but now job market is saturating. What this tends to bring is higher wages for lower level jobs as those in lower level move to higher paying jobs. This could bring, over next 2 years, a great deal of inflation via wage inflation. The FED than will be forced to raise rates during a time of wage inflation. Interesting that something good can bring something bad. Times of high inflation during high wages, opposite stagflation, are good for the stock market. Anyone who has capital to buy apartments or REITS can do well. In other words we could be looking at a period of strong market action. Someone said "There is always a better bet" Oh so true. http://today.reuters.com/misc/Print...989_RTRIDST_0_ECONOMY-FED-FISHER-UPDATE-2.XML
