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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (3977)	6/3/2001 6:22:14 PM
From: John Madarasz	Read Replies (1) \| Respond to of 33421

My own personal bias is that this was a largely misguided grab for wealth that has achieved the goal of impoverishing younger generations in ways that the young simply don't comprehend yet, (courtesy of an educational system that fails to deal with the real world as much as possible). Just a very naive thought... but won't the uber geezers<g> be handing most of that wealth down to the current younger generation ?

To: Raymond Duray who wrote (3977)	6/3/2001 6:37:28 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 33421

Ray, >>My own personal bias is that this was a largely misguided grab for wealth that has achieved the goal of impoverishing younger generations in ways that the young simply don't comprehend yet, (courtesy of an educational system that fails to deal with the real world as much as possible). All the way from student loan burdens and onerous tuitions for higher education to higher than necessary home prices and mortgages. All for the sake of pampering the most pampered generation that America has ever produced. The Uber-Geezers.<< I most seriously do agree with you on this point. And I also agree with you that the immigration sitch here in the US helps to ameliorate the demographic shift. But one of my concerns is the wealth destruction created from the asset bubble leading the "uber-geezers" to hoard cash like the Japanese. Right now I believe the conventional wisdom is for the U shaped recovery to prevail, but I am personally not discounting the L. Thanks for your insight.