The New Qualcomm - write what you like thread. Message Board

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Pastimes : The New Qualcomm - write what you like thread.

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To: Paul V. who wrote (6988)	12/1/2004 12:29:29 PM
From: Maurice Winn	Read Replies (2) of 12231

I've thought much the same for 16 years. I disagree with this part though: <The first important insight we can give you after the crash of 2000-2002 is that this economic boom is not over. It will be over only after the baby boom finishes its spending and productivity cycles around late 2009-mid-2010. > The baby boom was a western phenomenon. If looking at the world's population by age group, there is no fizzling out in prospect for another 20 years [barring H5N1 or bolide impact catastrophes]. The world is now an integrated economy and the billion Indians and another billion Chinese would like to enjoy a few mod cons too. It's not as though we are all wealthy and can all rest on the oars. So we should expect to see powerful economic forces propelling production for at least another 20 years before we even start to think about going into retirement. In the past month, there have been babies born by the million. They too will want to have some good times and mod cons and play lots of games and buy lots of gadgets. They will live until 2100 [more or less]. They will all want clever CDMA devices to hook up to cyberspace. The fun is just beginning. Mqurice PS: Companies which make money only by selling to Americans and other baby-boom populations might go into decline, but there is a lot of immigration going on. I'd be surprised if the baby-boom retirement effect is as strong as is made out. I've been retired for years and am spending more than ever. I hire Chinese and Koreans and Japanese and Indians to do things for me. They take that money I give them and buy CDMA services - so I get some back again!

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