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

To: TobagoJack who wrote (60798)	3/8/2005 12:57:16 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Jay, I'd forgotten how quickly babies grow. Little Jake is now 4 months old and turning rapidly into a little boy. He enjoyed sitting in the tree, and spraying water, and eating a flower which he was carrying in for Mum, and marching along standing on my feet while I sing. Just like the good old days. Great Uncle Mq is enjoying the training run for being Gramps [daughter's baby due in June]. It might be just the usual perception distortion, but everywhere I look these days, there are babies and infants. It must be an echo of the echo baby boom. That figures as the baby-boomer offspring are now in their twenties, which is prime child-bearing age these days and some in their thirties [so they have to hurry and have children which perhaps explains what seems a disproportionate number of twins, which are common in fertility treatment]. I haven't checked actual official records, so it's probably just that I'm baby focused. You were certainly a rich little boy, with brand new handlebars on your tricycle. The one I had was about 10th hand and did NOT have shiny handlebars. And photos!! Good grief, what upper class. On China's economic development, of course you are right that some segmentation is in order, as always. There are obviously a lot of wealthy people because the up-market malls in Beijing, with flash stuff in them, had plenty of customers. It was a bit funny to see the parking lot with the swanky cars all crowded in together, sharing the experience of wealth, posturing and posing. Already the top echelon are resting on the oars, cutting their production, like swarms of Japanese, who are wealthy and have done their decades working flat out. The young ones are still working flat out though - albeit selling Hennessey whisky, Livedoor cyberspace, and CDMA cyberphones instead of working in factories churning out industrial goods [the production of which has been taken over by the Made in China label]. If anything, China's economy should accelerate with capital formation booming, propelling the next wave of investment and production and employment and positive cycle of creative energy. China has a longggg way to go before everyone is rich, sated, lazy, fat, and waddling around wondering whether to eat another feast, or rest in their Lazy Boy massaging recliner, or take a trip to see foreign places, which seems to be the end stage of human development in much of the "West". Mqurice