To: Haim R. Branisteanu who wrote (52935 ) 6/5/2000 1:08:00 AM From: Tunica Albuginea Respond to of 99985
Haim, just saw your post: " Tea leaves readers please ........ what is next? ". I think before we can consider : " what is next ? ", we need to a question: " are these, current times, the same as, the " old, 1940 - 1999, times " ? This way we can compare apple with apples and extrapolate thereof. I say the times have changed and we cannot use past history. The reason is, that our great el presidente has signed into law what will be a deep reaching change: It allows older people/retirees to work without tax penalties. this will <b. Have tremendous implications for the economy and stock markets because: a) all of a sudden we don't have a " labor shortage " b) all of a sudden Uncle Sam can continue on his diet and cut " entitlement spending more ". Of course we all know that entitlements are what kills Economies world wide; For coast to coast and sea to sea; from Russia to Poland to China to France, England, Canada on down the line. c) we have now set a new standard: retirees have to work, ( like everybody else ), to get what they need. And that they will get ( like everybody else ) only what they can pay for. d) for the mentally retarded in Rio Lindo, Ca: " There is no free lunch in America ". And so we begin a new era. Our yuppies with a social science degree and 4.0 GPA from our " free lunch, leftist, educational establishment, High Schools, want " higher wages " and " human rights " from our high tech industries?Off with their heads says The Cheshire Cat in Alice in Wonderland." Get " the old man in ". He will work for less because he already has perks ( Medicare and Social Security ). And so Technology, which has been the big disinflator, is back on the drivers seat.B2C, B2B, whatever. The US of A , is again leading the world out of encrusted, unproven, unsubstantiated, hot air balloon, economic principles, which are even as we speak, leading the Euro lower. What are we talking about hot air balloons when perhaps we should be talking about balloons, filled with lead, rapidly sinking even as we speak? long live America!! Bury the Euro and antiquated economic principles. Reinvent , or rather bring back, Adam Smith, cheers TA ===========================================================================Message #52935 from Haim R. Branisteanu at Jun 2, 2000 7:12 PM ET Fleckenstein remained "writeless" this evening and Equity P/C ration is close to an all time low of 0.32. Tea leaves readers please ........ what is next? Haim I say the answer is no