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

To: Seeker of Truth who wrote (46138)	2/12/2004 6:06:23 PM
From: elmatador	Respond to of 74559

I agree with MQ that overall the situation is positive: For every American and German losing a high paying job, there are 500 Asians ascending socially. This is achieving what developed countries always wanted. Namely, the poor to get richer. The American, German or Japanese, are just being deflated. As for the Asians they are being brought to a stage where they can improve their lives. We need more. Much more than that.

To: Seeker of Truth who wrote (46138)	2/13/2004 2:37:48 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Malcolm, a recession means a reduction in production. There has been continued growth in the USA economy, so ipso facto, QED and by definition, no recession. Unemployment hasn't increased either [other than a tiny amount]. It's still less than 10% and more like 6%. I doubt average pay rates have dropped. The Biotelecosmictechdot.com crowd has come back to Earth with their pay rates, but the dinkum bloke in Peoria still gets the same pay as 5 years ago [I believe]. The escape from the Biotelecosmictechdot.com implosion has been one of the wonders of the world and Uncle Al KBE has done a great job, though he still has his hands full as the US$ revalues to something more fitting with the rest of the world's currencies. It has gone too far against the NZ$! [39c to 70c - amazing]. Mqurice