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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KymarFye who wrote (64544)	12/18/2000 12:26:02 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 99985

Kymar ; RE >> , you do leave out the one saving grace which, at least in the past, has previously rescued this country from the kind of structural sclerosis that typical afflicts developed nations: Ability to absorb new immigrants. << Some one else just pointed out my omission too. It was a thing I didn't consider before writing the post, but being I live in TEXAS and have seen and worked with a lot of new immigrants ( and loads of wet backs ) and while they can offset the lack of demand on the buy side of products I don't think they will be putting much money directly in the stock market, in most of ethnic classes spare money gets sent back to relatives or helps buy them a way over. In most cases It takes many years after an immigrant lands here before they are integrated enough to make direct injections into stocks a lot of them never will, while true enough great numbers will >>risk their lives for the privilege to fork over FICA taxes.<<< after they arrive there is still a lingering distrust of a lot we take for granted, ie many of them won't trust and don't open bank accounts for years. They support most of the drive in "fast check cashing for fee thingies" you will see down this way. So while it may mitigate the Demographic imbalance created with the boomers it's far from doing a cancel out on any one to one basis. Jim PS I can still pick up a labor crew at many spots in Houston, & it's all cash and carry. No Taxes no unemployment no insurrance , they just want to be paid by the day, and in cash.