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Non-Tech : Money Supply & The Federal Reserve -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (78)	8/11/2002 5:07:15 AM
From: UnBelievable	Respond to of 1379

I Guess It Depends On How Hard We Try To Prevent The Inevitable. <gg> I could imagine another 3 - 4 years of perceptible decline and then 5 - 6 years of stagnation. Looking at the experience in Japan since their stock market bubble burst in 1990 may also be useful. The real difficulties not be the result of the stock market meltdown rather they will be a consequence of the impending bursting of the debt bubble, compounded by the aging demographics of the American population over the next decade. I do think that there will continue to be opportunities to acquire wealth, it just will not be nearly as easy as it has been over the last 10 - 12 years. And with the exception of the poorest among us who will undoubtedly suffer the most, much of the pain will be psychological rather than physical. We are a very rich nation and even a historically unprecedented economic contraction will still leave us well off.