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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (51110)1/24/2006 3:35:26 AM
From: Yorikke  Read Replies (2) of 110194
 
'Nurses are one of the few bright spots.'

Yes but program demand often far exceeds the ability of the school to grant admission. In my state if you want a nursing degree you almost have to go to a private school which is very expensive.

Nursing is damn hard. It is exhausting work, unless one is an RN, and then it is often hours of mind numbing paperwork. Lower level staff are chronically prone to injury. RN's burn out early if they don't pace themselves.

But it is a giving life. I have rarely found something as rewarding elsewhere.

We speak of an era of deflation. ( which is some ways off) But costs are sticky and it will get more expensive relatively before it gets less so.

I think the final blow to the middle class will be the engineered high cost of Dying. Nothing will be passed on, it will just go to the Care Homes and Lawyers. The boomers will bankrupt their children and be cranky about it...when they can remember a reason for their crankiness.

I sat with a woman who was spending 250 dollars a day waiting to die. She didn't consume that much, but the institution had its costs. It was only in the final weeks of a 9 month stay that she ever got anywhere near her money's worth. All the while she lamented the fact that the nest egg she had planned for her daughter was being drained by this need to sit and formally await death. She finally just stopped eating and drinking--said to Hell with it in disgust.
she was a spry 90, and understood. But soon we are going to see a magnificent crowd of people with little money and great need. Most won't be able to sit in the piano room and read quietly while the minutes tick by and dollars oil the gears. It will be giant 'low cost' institutions with lines of diaper wetters in wheel chairs filling basketball court sized recreation rooms while those with some kind of awareness hit big helium filled beach balls back and forth over low loose hanging badmittin nets during the daily exersize period. All to some tune like 'Merry ... Merry....Merry-go-round. Bring my love back to me....beep beep...boop boop'.

That's when I'll turn to my own old age insurance policy which I purchased from Colt. It's the 45 Magnum plan. Limited benefits but very affordable.



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