Productivity Soars

The government reported this morning that productivity growth for the third quarter soared to 4.7%. That’s the fastest growth in two years. This is important because it tells us that American workers are doing more with less. That’s the heart and soul of a healthy economy. Increased productivity also helps keep inflation down and may lead the Federal Reserve to suspend its interest rate hikes early next year.
IBD has more on King Copper. The metal is up 180% since June 2003. Here’s a stat for you: The average house contains 400 pounds of copper. Also, TheStreet.com looks at Google Base, and thinks it’s overrated.

Posted by on December 6th, 2005 at 8:57 am


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