New US Economy Policy Message Board

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Strategies & Market Trends : New US Economy Policy

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To: Arthur Tang who wrote (268)	4/1/2001 8:57:17 AM
From: Arthur Tang	Read Replies (1) of 435

Data banks for the new economy, what do we need? Or is it the growth of our new economy, what is it based on? Maybe, it is "what is beyond population growth vs. economical growth"? US population growth is about 1%. US economical growth can be 8% in the last quarter of 1999. The trick is the distribution of jobs. Wages for different jobs if you will. Top down economists' guarded per capita income is the basis of building the economy. The new economy shifts people from one class of job to another to gain income. Per capita income makes the growth of the economy look mysterious and unpredictable; in fact it is being planned ahead of time yearly. 1999 was the year we pushed some citizens to $50/hour wages in the internet industry. 2000 was the year that we pushed middle management out to the smaller companies to do trickle down subcontracting outsourcing. The results were muddled by Greenspan's tightening of money to refrain the planned growth. This year the creation of a new digital TV industry(by convergence technology) will again push wages to $50/hour. However, Greenspan has not yet lower the cost of money to accompany the growth planned. Instead we now suffered lack of growth due to the demise of several large chain stores in distribution. The Pharaoh's warehouses(Joseph's economy policy in the bible) were destroyed. 7 years of abundance has no place to store. 7 years of famine has no food to distribute. Economy will shrink because inventory will be depleted. When cost of money comes down to make keeping inventory cheap; money supply for the expanded economy has to be in place. Can we wait any longer, before famine strikes? Where can we spend our wealth when there are no stores to go for our pleasures? The economy is suffering.

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