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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (21663)7/25/2002 4:18:21 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Yiwu, it's all in the definition of 'need'. <As a matter of fact, the social security fund will not be able to meet the baby boomer's need a couple of year before 2020.>

Need might not include a new SUV, a trip overseas, a television set, wine, fuel or much of anything. Then again, it might include a better standard of living than the old of any society have ever enjoyed, especially if measured not in money but in quality of life. They'll have CDMA phones and cyberspace for a start. No old people before them have enjoyed wireless communications, gpsOne, such medical technology, security and much else that is now very cheap and available.

But many baby boomers will learn some age-old verities about work, thrift and so on. Come to think of it, there have been a few age-old verities learned in the past couple of years.

Meanwhile, the British Commonwealth Games are underway in Manchester, with drums, brass bands and the Grenadier Guards, a giant skiffle band, dancing and ancient tribal ritual. Oh, here's the Queen in green. There go the Red Arrows [air force aerobatic aircraft]. God Save the Queen. Cheers from the crowd.

Now the music and show starts...[with quite an American influence]

And life goes on.

Mqurice
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