Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (20396)	6/28/2002 6:14:54 PM
From: Maurice Winn	Read Replies (1) of 74559

Oh no ACF, don't go over to the dark side. <The bears feel the consumer is tapped out and will shortly drop dead. What the bears are missing is the power of boomer demographics. My pov is that as soon as business investment returns, we'll be partying like it's 1999 until about, oh, 2009, when the shit'll really hit the fan. We'll all be pining for the good 'ol days way back in '02 then. > While it's true that the USA baby-boomer economic production bust will be going on then, keep in mind that the USA is only 300 million of 6,000 million people. Most of the 6,000 million are young. Check out India and China for example. If they continue to ditch the idea of Marxism which they adopted from their colonists, they will come rampaging out of poverty like Singapore, Taiwan and South Korea did. The USA will still own a lot of stuff and USA companies will take part in development of those global markets, with profits to match. The world won't come to an end because the baby-boomer lump goes into its dotage. The fun has just begun. Mqurice

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