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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Street Hawk who wrote (1518)	12/20/2000 12:39:07 PM
From: Hawkmoon	Respond to of 74559

Corporate profits will suffer when the baby boomer spending habits have to be curtailed to ready themselves for retirement, Possibly, but there will still be a labor shortage that is created by the exit of the boomers from the workforce. And the US tradition has been to import labor from overseas, assimilating other people into our economy and making them citizens. That should maintain consumer purchasing power. But none of us really know. Another sham is the ideal that a government surplus is good for the economy, when in fact it equates to a reduction of consumer purchasing power that is directed into the hands of politicians who spend it on pork barrel projects and government entitlements. Regards, Ron