After Katrina, two economies

http://www.marketwatch.com/news/story.asp?guid=%7B863AAC47%2D93F8%2D4600%2DB400%2DB23F2A37CC6A%7D&siteid=mktw

WASHINGTON (MarketWatch) -- The United States now has two economies.

One of them suffered a one-two punch of the most destructive hurricanes in U.S. history. The other one didn't.

One of them suffered the largest increase in consumer prices in 25 years. In the other economy, core inflation remained as soft as a lullaby.

One of them saw retail sales fall short of expectations as auto sales collapsed. In the other economy, sales excluding autos were up solidly.

One of the economies saw industrial output fall at the fastest pace in more than 20 years. But if you exclude the impact of the hurricane and the strike against Boeing, output was fine.

In one economy, the Federal Reserve is committed to raising interest rates ever higher to prevent tight labor markets from fueling inflation. In the other economy, consumer confidence is shaken while real wages are falling.

...more...

from inflation by oil being fought off by the poor & middle class.

Sad.

....only list the people killed by the Japanese then it was only thousands... :eyes: