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By 2010, the Fed economists reckon, labour supply in America will be rising by a mere 0.4% a year, well under half its current rate.The geezer differenceThese projections could be too gloomy.
France's unemployment rate has edged up to 10.5% but that is in a different league to Spain's; its banks are in better shape than Spanish ones, too.The anomaly among Europe's big economies is Germany, where house prices are rising by a restrained 2.7%, the same pace as a year earlier.
In the North Pacific, numbers are rising by a healthy 7 percent each year.
Nasdaq led the way, with the Composite index rising by a record 7.9% on May 30th.
Last month, imported petroleum prices rose 0.8 percent after rising by a revised 1.9 percent in August.
However, core inflation, which excludes energy and food, was not as restrained, rising by a bigger-than-expected 0.4percentt.
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Industrial output rose by a healthier 13.8%.
Agricultural production rose by a sluggish 0.9%.
Retail sales rose by a surprisingly strong 0.8% in April.
Micron shares have risen by a third in the last three months.
In 2005 it rose by a whopping 72%.
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