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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (28442)	2/23/2003 6:44:26 PM
From: X Y Zebra	Read Replies (2) \| Respond to of 57110

this behavior will only get worse as each year passes and the boomers get closer and closer to actual retirement. what i foresee is discretionary spending on a continuing downtrend (exacerbated by rising "fixed" costs...fuel, health insurance, property insurance, etc) excellent points... a double squeeze... the "former consumer" that won't spend -or can't, on one side weakening further the society in which the boomers live AND as Asia drives the price of most commodities regardless of what goes on in the US... then, the insurance bills coming have the signature of it will be even worse next year.... what then... will at such point happen ? At this point, once again, I question the wisdom of living in a society that the writing is on the wall of what's coming.... add to that the fact SS & Medicare is a ticking time bomb ..... and it seems that our gov't has seen immigration as the "cure" for that.... another double whammy... all that immigration has done (at least in the southern border) has been increase the cost of medical care for those "new Americans" while marginally reducing some of the labor costs of agriculture and other sectors (i.e. apparel manufacturing) but the most ridiculous thing is that there are no tax received from many of the new workers since a good percentage of such immigration is illegal and therefore "off the books" (i.e. no fica, no unemployment no income taxes) sock it to me baby... -ggg I think it is becoming evident that the government (yet again) has been flat out lying as far as inflation goes.... we have CPI's in the last 2 years or so.. dancing around the 2 % give or take.... yet... real estate, insurance, medical costs, oil, education and so on.... keep on going up.... squeeze, squeeze... I say... it is time to re-evaluate and it won't be easy....