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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: coug who wrote (160269)10/26/2008 4:02:47 PM
From: Jim McMannisRead Replies (3) | Respond to of 306849
 
RE:"Many didn't save or if they "saved" through 401Ks, IRAs etc in stock funds they could be just as BROKE.. At least the ones that didn't save, "saved" some memories of their "wild and crazy" days, but that's worth something imo....:)"

Now contrast that with government jobs with 90% pensions and payouts...where the workers never had to do any investing and you'll see the magnitude of the problem.

Government jobs are much different than private sector jobs and far different than small business ownership.



To: coug who wrote (160269)10/26/2008 7:19:35 PM
From: stomperRead Replies (1) | Respond to of 306849
 
OT: I just mentioned that in a PM to someone. It's a bit of a longer wave, but this is going to cause a dramatic shift in the employment outlook over the next 15 years. The retiring baby boomers were to leave an expanisive opening for incoming and rising youth. That will be dramatically affected now. We should see elevated unemployment rates for years.


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