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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (20721)7/3/2002 8:22:01 PM
From: AC Flyer  Read Replies (2) of 74559
 
Jay:

>>(1) production paucity, (2) high paying jobs disappearance, (3) domestic and long-term capital formation vaporization<<

(1) Is a look in the rear view mirror (ISM May 55.7).
(2) Is a flat-out myth that is mainly perpetuated by the blue-collar thugs running the US's dwindling labor unions. US personal income is increasing at a 3.9% annual rate.
(3) is just not true - there are still oceans of investment capital available - just not for start-ups that plan to sell 30 lb. bags of dog food on the net.
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