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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Don Lloyd who wrote (28421)	2/4/2003 3:49:16 PM
From: Raymond Duray	Read Replies (2) of 74559

Don, I see that I misunderstood the fine print of your post above. What I meant to say is that the U.S. is the only OECD country which is projected to have substantial population growth in the next 40 years. You are correct about fertility rates in the U.S. This is something of an irrelevancy, however, in the big picture where continuing population growth due to immigration is going to provide a different set of demographic headaches for the U.S. compared with the rest of the OECD. Since I view the ideal carrying capacity of this planet to be on the order of 1x10^9 human beings maximum, I'm rather pleased that the women of the world are wising up to the fact that bigger families do not equate to more human happiness. I find one of the most charming mock-economic scales in the world to be Bhutan's GHP, the so-called Gross Happiness Product. Instead of attempting to measure money flows (i.e. GDP) and small-mindedly equating this with happiness, the Bhutanese demonstrate ever so much more wisdom than our U.S. solons in the BLS or the FRB by measuring contentment directly. Best, Ray

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