By what? A few percentage points? Even barely that, take a look at your links. And these are BLS massaged numbers. Try checking M3 growth and debt figures. Are you gonna throw out the "low" unemployment and inflation argument next? Don't be so easily convinced by CNBC.
The fact that the Dow is at an all time high while the more comprehensive S&P is still well below its all time high, may just be a reflection of the greater proportion of safe harbor stocks in the Dow. Since April last money has moved out of more speculative issues into safe harbor stocks, bonds, and cash. The movement in equities is clearly evident when one looks at line plots of the various sectors From April to now.
I'm not an economist by trade. I took enough econ. in school to know that you don't really need it to trade. First off I don't know the merits of BLS. I don't know even what BLS is. I did a yahoo search and this came up. As long as productivity is on the rise, the economy will be fine. Here's you link to money supply: http://www.financialsense.com/resources/fed/moneysupply.htm If you don't want to knock the validity, I see money supply is on the rise. I don't know what if anything this means. There are more people so M3 should go up?? Sounds like you might know the answer to that one. To address debt, a major issue for congress. . . I don't know that this is priced into the market or that it even should be. AGain the dollar was about 20 percent stronger then than it is now.
I know!!! Here comes the bullshit from the great hypers of the broker-dealers. CNBC ALERT!!!! Bunch of wankers.
Productivity is an arbitrary number. Simply put, when a company cuts costs, productivity will rise even if revenues are falling. Why? Fire one person, give his duties to 2 other people, don't pay for overtime. You just increased productivity. On other hand, if revenues are rising fast and the job market is hot, the company will hire people but not enough because of the competition for labor. So productivity can also rise since there is more work on average per employee due to increased revenues. If the monetary unit is easily divisible, why should the money supply go up if there is population growth? Just something to think about. Current population growth is nowhere near what the money supply growth is, btw.