Heinz Blasnik- Views You Can Use Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Heinz Blasnik- Views You Can Use

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LLCF who wrote (292)	4/20/2003 9:38:13 AM
From: GraceZ	Read Replies (2) of 4914

What? Is that Graces law of economics? Notice how the percentage rises during times of economic booms and then falls when those good times are over? Makes sense doesn't it. People borrow when they feel confident and they rein in debt when they are less confident. Notice how during the last 20 years the series has varied by 1 percent, 7% +- 1%. mywebpages.comcast.net So why doesn't everyone have a job all the time? It'll take time before all those out of work IT guys figure out that their high salaries where due to an abnormal supply crunch and they train to do something else. Right now unemployment is approaching the level we've historically had during good times and it's doing so after years of being at a level that the brightest minds didn't think was possible just 20 years ago. During the boom anyone with a pulse could get a freakin job. People will get jobs again, some will have to do what I did when I graduated college during one of the worst employment environments since the 30s, and that is ...create their own. The great thing about this country is that people are allowed to fail more then a few times in trying to succeed. From necessity people will be pushed to do the next great thing. Do you think that the next great thing comes from the most inventive people being locked up in nice cushy jobs they can't be fired from counting their days before retirement? The computer biz wasn't invented by the Japanese who by all rights in the 70 early 80s had the US by the short hairs in terms of manufacturing. You think if we were making money manufacturing TVs and radios we'd have come up with a whole new industry that had never before existed? You can't see where the next thing is coming from so you think it won't exist, but I can say without a doubt, a few years from now you'll be thinking it was so obvious considering the confluence of cheap computer power, high speed network, and freed up inquiring minds who needed to make munee because their jobs turned into commodities that could easily be sourced to some cheap labor location.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next