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

To: Ilaine who wrote (48345)	4/10/2004 7:33:44 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

CB the US lived through a Great Depression. Only that during a Great Depression -or a Collapse such as the 2001- today, a country can go through it by having other countries financing it. Case in point the 1.4bln a day the US need to finance its deficit. It is different than decaces ago. Moreove a Collpase of the magnitude we saw, it has no effects as it did early last century. Today people have much more than they need to live. They tight the belts and go through it. Overall they are left worse off. Case in point Germany: Every recession the unemployed rate never goes down to the pre-recession level. Pretty soon people realize, that there are few job opportunities, the available jobs don't pay as much as it did, pseudo-jobs are higher than before. Women are leaving the work force... I wouldn't go for statistics. I would prefer to ask: how difficult is for the guys entering the work force to find a job and how well they are paid for the jobs they get? Have you any kid going into the work force in the coming years?