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

To: J. P. who wrote (9244)	2/27/2003 2:32:29 PM
From: SeaViewer	Respond to of 306849

We can still boast we have the biggest casino in the world.

To: J. P. who wrote (9244)	2/27/2003 2:38:01 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

what happened last time was that the US people went into management or the new, emerging technologies (startups etc) which are more highly leveraged opportunities for wealth. So it worked out in the 90s. For the lower income folks they got the service jobs which ended up as fairly highly paid towards the end of the decade. We needed outsourcing in the late 80s and 90s to get the cost structure of these businesses in line and to handle growth. But without a strong economy and strong growth, we are toast as far as employment is concerned in the US because the workerbee jobs are gone for a lot of industries and we are management-heavy now. I am one that thinks growth will return, I hope so.