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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (51437)1/25/2006 9:00:38 PM
From: Fiscally Conservative  Read Replies (1) of 110194
 
"If one worked in the hospitality sector (a low productivity growth sector) and lived in a place where incomes have risen sharply over the years due to sharply rising levels of productivity as well rising net worth due to a steady influx of multi-generational wealth, like NYC or San Francisco, someone could have a very warped view of inflation."

Wow,theres a whole lot of words there. Was wondering if you can cite any sources;can you back any of this up,or is this a point of view,which then is ok with me.

" a steady influx of multi-generational wealth "

A steady stream of immigrants,yes. But,multi-generational wealth?

Hosptality sector? Like tourism? New York certainly has seen a steady increase in this area since 9-11.
A low productivity growth sector?

I'm confused again.
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