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To: Proud_Infidel who wrote (4892)	10/14/2003 5:59:28 PM
From: Ian@SI	Respond to of 5867

Brian, Completely agree. The US economy has been continuously restructuring itself since the beginning of time (for the US at least). Schumpeter referred to this process as Creative Destruction. Until Americans decide to quit innovating, we can expect to see the economy remain as dynamic as it has been. FWIW, Ian

To: Proud_Infidel who wrote (4892)	10/14/2003 6:08:36 PM
From: All Mtn Ski	Respond to of 5867

Oh boy, I don't want to start anything, but one has to admit that at least the manufacturing jobs have been in a slow exodus since WWII. I also agree on the amazing innovations that keep the US going and creating jobs, and that should continue for the forseeable future. My firm let go 8% of the workforce last month (500 people). Guaranteed another 10% will go in the next 3-6 months. I had lunch with a Qwest network engineer today, he hasn't seen any increase in projects, just small here and there stuff, and that there is so much broadband capacity that the best case is for more of the same and not improvement in the near term. I never bought the Japan argument, just on the basis of geography, they simply do have have the space to take over the world, or produce for the world and now look at what years of deficit spending has given them. A-M-S