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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (681912)	5/10/2005 4:40:27 PM
From: Peter Dierks	Read Replies (1) \| Respond to of 769670

Bubbles distort everything. The late twenties made historical comparisons seem irrelevant. In the late 70's and most of the 80's banks thought they were permanently in the driver's seat on interest negotiations. The last part of the last bubble distorted everything. I maintain that the driver for much of the growth was the baby boom. The first part was due to the sudden increase in the number of workers. Women had entered the workforce, and some never left. What new innovation do we have up our sleeve? Child labor? Never retiring? Two jobs for every worker? I expect the next fifty years to be have a more normal growth rate than the last fifty.