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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (14694)	3/5/2000 7:19:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

tip, the reason is that increases in entitlement spending are tied to the CPI. so basically this is a way to cheat social security recipients etc. plus it supports the whole fiat money system and the stock market bubble...both of which politicians are very fond of.

To: yard_man who wrote (14694)	3/5/2000 10:46:00 PM
From: Oblomov	Read Replies (1) \| Respond to of 42523

Tip, There has been an incredible capacity buildout in the lodging industry over the past 5 years. During the 80s, there simply weren't enough accommodations at the high-end of the market. The baby boomers created an unprecedented demand for upscale lodging in places such as Orlando, Hilton Head, Branson (Mo.), Whistler, Tahoe, Las Vegas, Park City (Ut.), and Vail/Aspen. The major developers have already built in each of these destinations to have presence, and yet major projects are underway in each market, in many cases by developers with extant properties there. Although times are very good for the industry right now, it has become far more dependent on the middle and lower-middle class for growth than in the past. A slowdown in the economy would punish the high-end lodgers greatly. Most of them have a heavy debt load as it stands. Capacity utilization has been declining since last year, and employment within the industry has peaked out as of last August: economagic.com The stocks are forecasting recession, but I think that total nights/weeks booked will continue to rise. Revenues should continue to increase in real terms, but not in nominal terms. In other words, deflation: quote.yahoo.com