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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (13412)	4/24/2000 8:47:00 AM
From: Carl R.	Read Replies (2) \| Respond to of 15132

No, Dent says we will have a crash in 2006 or so, followed by a depression lasting from 2008 to 2023. As for the stock market, if 30s are a good guide, the market should actually hit bottom fairly early in the process, say 2012-2014 or so. Dent attributes this depression to the huge baby boom that took place both here and in most of the rest of the world following world war II; as their spending declines, so declines the economy. My point was that allowing in additional immigrants now would help soften the blow in this country by providing additional consumers to power the economy during that period. Of course the countries they leave behind would be worse off by their absence. Also, in order to eliminate the depression the numbers of immigrants required would need to be the largest influx ever because they would have to equal the baby boom. It isn't going to happen though, so the discussion is purely academic. Carl