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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (39646)10/15/2003 11:23:05 PM
From: elmatador  Read Replies (1) of 74559
 
wealth redistribution, pulverization and evaporation:

young people can not afford to move out - was expressed in
Sweden (95%), France (86%) and Spain (80%). The „pragmatic„
statement - young people stay longer at the parental home because
they enjoy comfort without responsibilities - was particular-ly
popular (attaining 40% agreement or more) in the United
Kingdom, Ireland, The Netherlands and Italy (where the term
„Mamone„, i.e. „Mom´s big boy„, has been coined to
characterize this group). Lack of suitable housing is an argument
most frequently agreed by young Austrians (45%), Danes (44%)
and Portuguese (42%) while the watering-down of parental
authority was mostly endeared by young Germans (35%), Italians
(34%), Luxembourgeans (33%), Fins (32%), Belgians (32%),
French (31%), and Danes (30%).

dji.de

This is the mamone phenomenon, ladies and gentlemen!

<<Meanwhile, the US Pension Benefit Guaranty Corp. has reported a deficit of 8.8 billion dollars. The agency, which insures retirement plans for 44 million current workers and retirees, had forecast 5.7 billion-dollar deficit earlier this year.>>

There won't be much wealth left to be redistributed.
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