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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: Elizabeth Andrews who wrote (3365)9/19/2002 1:08:47 PM
From: Ahda  Read Replies (2) of 4051
 
Where I live the combination of cap gains and the IPO boom that went right along with the tech boom increased demand and housing costs. In the last six years houses have doubled in price. Population as well as job demand has not doubled. The majority of new mortgages are refinance. This does create cash flow in the finance industry as well as aid the building industry but ii is in direct in conflict with corporate world where growth costs must be in line with future profit potential.

The melt down caused by the tech boom is starting to wind down so salaries will start to become more meager for those who have lived off the legal grave yard industry.

The difference in this period is that large world corporations have moved to areas where labor costs are less. In developed nations this means the job market has started to reach a stage of over saturation .

The problem is huge as if there is not growth internally the suppliers who rely on external sales as Japan did have a limited market due to limited job growth in the nations they sell too and provide for. Unlike other periods the whole of this nation is experiencing a substantial increase in property values wages have to meet costs of housing. If the CPI appears as benign inflation to me it means the figures are not current enough to spot wage as well as housing inflation.

Average house price LA $323,000 wage wise one needs income of over 85,000 to qualify. Minimum wage here $7.50 average wage here probably about $20.00 two income earners do not make adequate income.
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