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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (34850)	6/10/2003 7:06:32 AM
From: John Carragher	Read Replies (1) \| Respond to of 74559

only during a down turn... we need older workers to continue to work to fill jobs , and we need to have people keep coming into this country to fill jobs and increase demand for resources... We do not want to get into a position of a dying country like Germany and some other European countries. Many jobs older workers take are jobs younger ones will not take and really are not affecting young unemployed....

To: elmatador who wrote (34850)	6/10/2003 9:24:20 AM
From: Ramsey Su	Read Replies (4) \| Respond to of 74559

Speaking of work, I wonder how much of the labor force are working as "temps" in real estate and mortgage related bubbles. Appraisers, loan reps, processors, escrow officers ..... We all know that the only way this volume of refinances could only continue if interest rates keep going down. Once rates stabilize or go up, all refinancing activities will stop. What is that going to do to unemployment? What type of jobs could these basically unskilled and over paid workers find? Real estate is supposed to have one of the highest multiplier effects. What is the reverse of "wealth effect"?