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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (1928)	3/13/2004 1:38:53 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 116555

<plunging jobs> I would not expect increasing unemployment in the years ahead. Quality of life may take a hit, as people start paying for the excess of the past several years. Prices for everything will be higher, and taxes will rise a lot. Well, let me qualify that first remark--there may very well be further industrial job losses, although that cannot be a very big part of our economy anymore. You tell me. I can't tell you what is made in America anymore (you can be sure that I was disappointed to find that my Ford Explorer bought a year ago, turned out to be manufactured in Ontario). The jobs of the future are going to be biotech, software, healthcare, education. And as the boomers retire, there will be a lot of jobs created to serve them. But they probably wont pay too well, healthcare, recreation, service economy stuff. Tech will always create jobs, but the dot com bust was so huge, it is probably going to be awhile before that can play out properly. <I guess those ideas should tie most of it all together> Well, everything ties together somehow. I saw your post about ten year treasuries in the 2's and the long bond in the 3's. That would really be something to see, but whether I am right, or right for the wrong reason, those rates would throw gas on an already hot real estate market. If I can get a 15 year loan for under 4%, I might have to take some equity out of my house and spend it on some serious upgrades, hardwood floors, luxury bathroom with the spa for a tub, sunroom, maybe remodel the garage too. edit...as boomers retire, that is freeing up jobs which have to be replaced too--they're the big demographic--there you have it, we have to speed up their retirements to stimulate job growth. Keep in mind, like most folks on SI, I am practically typing as fast as stuff pops into my head. I have no freaking idea what I am talking about, just conversing for entertainment really.