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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (6962)	11/19/2002 12:20:22 PM
From: yard_man	Respond to of 306849

guess all these coming ole timers need to get higher BW conxns and start learning how to "beat the house" at trading <s> I think I'll stay short housing and retail as long as I can ... someone will start saving some time, I suppose.

To: Lizzie Tudor who wrote (6962)	11/19/2002 12:49:28 PM
From: bwtidal	Respond to of 306849

The big lies / misunderstandings. With the US such a dominant part of the global economy, it becomes extremely difficult to grow GDP FASTER than the ROW. Second, the "technology innovation edge" as driver of a new round of exceptional growth... People are quite confused on this one. Technology change isn't the salvation for GDP (per capita) (aka productivity) growth. It is REQUIRED for it. I.e. if we DON'T get technology advances, GDP stalls / slows (unless population growth soars). GDP does not soar IF we get technology advances. In fact, the hurdle for technology keeps getting bigger and bigger. Our accumulated technology is like a big iceberg. In order for it to keep growing at a constant rate, the ABSOLUTE increase has to keep getting bigger and bigger. The "next big thing" (nanotechnology??) HAS to be huge because it is being layered on top of, let's see, phones, production lines, antibiotics, radio, etc. US GDP "per capita" growth rates (a measure of the presumably technology driven economy; and it strips out population growth...) has been FALLING in US over the last two centuries. Which you would expect.