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

To: TobagoJack who wrote (39646)	10/15/2003 11:15:46 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

<<demographic iceberg>> who keep taking about population replenising, tax-payer importantion and mass migration? I'm seeing the block of ice under the water, for over a long time, Jay! Import those masses from the developing world by the B747 load. It is the only chance!

To: TobagoJack who wrote (39646)	10/15/2003 11:23:05 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

wealth redistribution, pulverization and evaporation: young people can not afford to move out - was expressed in Sweden (95%), France (86%) and Spain (80%). The „pragmatic„ statement - young people stay longer at the parental home because they enjoy comfort without responsibilities - was particular-ly popular (attaining 40% agreement or more) in the United Kingdom, Ireland, The Netherlands and Italy (where the term „Mamone„, i.e. „Mom´s big boy„, has been coined to characterize this group). Lack of suitable housing is an argument most frequently agreed by young Austrians (45%), Danes (44%) and Portuguese (42%) while the watering-down of parental authority was mostly endeared by young Germans (35%), Italians (34%), Luxembourgeans (33%), Fins (32%), Belgians (32%), French (31%), and Danes (30%). dji.de This is the mamone phenomenon, ladies and gentlemen! <<Meanwhile, the US Pension Benefit Guaranty Corp. has reported a deficit of 8.8 billion dollars. The agency, which insures retirement plans for 44 million current workers and retirees, had forecast 5.7 billion-dollar deficit earlier this year.>> There won't be much wealth left to be redistributed.

To: TobagoJack who wrote (39646)	10/15/2003 11:48:46 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 74559

Hi Jay, on money that is spoken for LOL... my dad at 68 is still saving up for when he gets old... Now that's he's retired he cracks me up when he says... <<you know I'm on a fixed income now...>> so not too much dissipation there.. ) I think the wealth transfer won't be as rapid or of such magnitude as you predict. Was I being too polite :o) but I don't think it will all be dissipated either, like everything what eventually happens will likely be not quite as good or bad as folks expect. I guess AC is looking at te rosiest scenario and I have to wonder though if there are many more expecting a windfall or are there many more going to get just wind and then fall ;o) Also remember AC is also a doomster, he's just got a longer fuse :o) Sir John ...http://www.investorshub.com/boards/read_msg.asp?message_id=1587343 regards Kastel