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

To: TobagoJack who wrote (49901)	5/12/2004 8:13:16 PM
From: Taikun	Respond to of 74559

Just like the stock market, monetary policy has become short-term in nature, and spending in critical areas like education, is neglected.

To: TobagoJack who wrote (49901)	5/12/2004 10:10:10 PM
From: AC Flyer	Read Replies (3) \| Respond to of 74559

Thanks for the article, Jay, which was a fine assemblage of old chestnuts and conventional wisdom. The same guy, no doubt, would have written the same article 100 years ago lamenting the loss of "good" agricultural jobs. What will this idiot find to say in 100 years when 95% of all US jobs are service jobs? Why is it, by the way, that the people who make a career out of whining about the loss of "good" manufacturing jobs have usually never set foot in a factory. Manufacturing work is often mind-numbingly repetitive, often dirty and sometimes dangerous. I for one am damn glad that we can hire the Chinese to do the worst of this kind of work for us for peanuts. Now, repeat after me - the US is losing manufacturing jobs but US manufacturing output as a percentage of US GDP remains approximately constant. This is now, has been and will always be. Why? Because the US is at the leading edge of the trend towards a post-industrial global economy, in which less than 10% of the global workforce will make everything. In the US, the pattern has been the same for the last 50 years. Significant manufacturing job losses in recessions, followed by the recreation of about half the number of manufacturing jobs lost during the recovery. How come you can not see the big picture?

To: TobagoJack who wrote (49901)	5/12/2004 10:29:22 PM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

Here's a glimpse of the future, Jay: "I have no doubt fish medicine will become mainstream much like bird medicine did in the 80s," said Dr. David Scarfe, assistant director of scientific activities at the American Veterinary Medical Association. "It's actually happening far more rapidly than I'd imagined".....13.9 million households have fish and spend several billions of dollars annually on fish supplies alone -- tanks, water conditioners, food -- not including veterinary care or the fish themselves, which can cost as much as $100,000, sometimes more.....Fish diagnostics range from a basic exam ($40), blood work ($60) and X-rays ($55) to the advanced: ultrasound ($175), CAT scans ($250). Veterinarians tube-feed fish. They give fish enemas, fix broken bones with plates and screws, remove impacted eggs, treat scoliosis and even do fish plastic surgery -- anything from glass-eye implantation to "surgical pattern improvement," with scale transplantation, scale tattooing or unsightly-scale removal. nasw.org US citizens 50 years from now will occupy themselves providing a vast and currently unimaginable array of customized services to each other. Yes, there will still be burger-flipping jobs at minimum wage, but many of these service jobs will require specialized training and will pay very well. Per capita income will continue to increase in the US at its trend rate, doubling the wealth of the US every thirty years or so. It's set in stone. Of course, we do have a small bump in the road to negotiate which will certainly cause a deviation from the trend - a 10-13 year recession/depression starting in 2010-2012. Details, details.