Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Vosilla who wrote (55325)	8/25/2006 12:37:58 AM
From: regli	Read Replies (1) \| Respond to of 116555

I agree. However, I don't think that this can be sustained. Local government finances will get into trouble as soon as RE takes a dive. Lower property taxes but also lower sales tax revenue will have a devastating effect on state and local government finances IMO. The other side of the coin is that infrastructure projects have been neglected in the U.S. for a long time and will have to be addressed in the next decade. One also shouldn't forget about climate change. I agree with Noland that lots of investments will HAVE to be made in order to cope with it over the next decade or two, right at the time when budgetary pressures will be very high due to the retired baby boomers. Water and irrigation issues will have to be addressed in many parts of the U.S. and much faster than expected rising sea levels will put many coastal communities in very serious danger of consistent flooding. Just to mention a few.