[JohnHuang2]

Yep, funny how these "analysts" keep raising the bar -- these are the same analysts who had not "forseen" the 6 percent GDP growth posted for the second half of '03.

[Proud_texan]

Speaking of raising the bar...has the theory of the natural rate of unemployment been discredited?

Assuming that one believes the numbers and buys into Friedman's theory we're pretty much at full employment right now (and a level that's historically realistic).

Or has the bar been set to sub-3% forever?