The Residential Real Estate Crash Index 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 : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lizzie Tudor who wrote (16831)	2/6/2004 2:48:14 PM
From: gpowell	Read Replies (1) of 306849

Well, you know the saying "A recession is when your neighbor is laid off and a depression is when you are laid off.” I see a lot of this "you say its bad, kid, well when I was a kid I had to walk xxx miles".... My wife worked at a few SV startups during the boom - most of the kids running things had no idea how to run a company. Moreover, because of the boom some had vastly over rated their worth. One particularly well grounded Gen-X'er said, when I asked her what all the dot-com'ers were doing for jobs, "oh, they all went back to their old jobs as waitresses and bartenders." I certainly hope this is not the strategy free trade proponents will be resting on to make their case going forward. You really need to educate yourself about these issues. Free trade may hurt some segments of our society – mostly older lower educated workers - the young, and educated, stand to gain the most. However, if all barriers to trade were lifted, I would not expect much of an impact on GDP – maybe 5% to 10%. Cheer up, the economy is doing quite well.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next