Joe, I don't understand why everyone on this thread is so bearish, the economy is just entering a new golden era, I got it from current business week;
For private use:
The 21st Century Economy could see similar income gains, if the latest
innovative wave can boost long-term growth to 3%, rather than the 2.3% that most forecasters predict. Even over a period as short as the next ten years, faster growth dramatically changes the economic and financial landscape. Rather than remaining almost flat through 2008, real wages would actually rise by 9%, according to projections prepared for BUSINESS WEEK by Standard & Poor's DRI.
Corporations and investors would prosper as well in this scenario. In the 21st Century Economy, corporate earnings, adjusted for inflation, would rise by 54% over the next ten years, compared with 25% in the slow-growth case. Combined with 30-year interest rates below 4%, that's spectacular news for the stock market.
Copywrite Business Week August 98
VBG!! best, art |
