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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: sciAticA errAticA who wrote (7326)	2/8/2004 12:37:26 PM
From: Haim R. Branisteanu	Respond to of 110194

very true >>>Those who emerge dominant during the next secular upturn will be those with dominant currencies. <<< But a country can not emerge as a strong contender for a reserve currency with high unemployment growing budget deficits and high social obligation. Those aged above 65 are double in Europe as compared to the US their population growth is close to Zero versus around 1% in the US, as such Europe leadership is waning and the fact that they ignore demographics and are not flexible will not ad to the funds needed to sustain those above 65. People out of work, is like a car that you do not drive it is still there but it is getting outdated and very difficult to restart and drive again Some one that works has better attitude, has bigger hopes, learns and advances in life - it is exactly the contrary with some one that fails to find work regardless of his qualification. In the whole scheme of things generating jobs is the most important issue for any administration. The fact that this administration engaged in an unjust tax cut is wrong but at least they are now trying to generate jobs.