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In article , "Billzz"
 wrote:


>
> "Deborah Terreson" 
wrote in message
> news:K42dnVelTJDbAZvfRVn-pw{at}comcast.com...
>
> -stuff snipped-
>
>> This is a HUGE gamble, because the market is set to turn down as the baby
>> boomer retirees pull out their investments and it is only going to get
>> tighter. Everyone know there's a looming bear market. If you look at the
>> fact that since 2000, it hasn't performed as well as expectations, and
>> coupled with the nature of the trade deficit there's a an inordinate
>> amount
>> of people nervous. The general consensus is to stay silent on this fact -
>> it's the 600 lb. gorilla sitting right in everyone's face that no one,
>> NO-ONE is talking about.
>
> It would be interesting to know what your academic qualifications are in
> economics.

AH! The tired rubric of "you don't have any 'qualifications' to be making
these assessments.." I don't have a single academic degree but I DO have the
legitimate knowledge of years of self employment in a stagnant economy while
still maintaining a 20% savings rate on our annual income. Economics is
partially based on psychology and also the real world effects of diminishing
return.

Been working far too long, watching the dynamics of housing markets which
are becoming much more investment oriented, and less about the actual need
of living spaces. Most telling thing is, there is now a downward cycle in
this city I live in, as so many retirees have bought condominiums that they
only live in one or two weeks a year - it is having the unintended effect of
forcing the local businesses to fold for lack of a solid, year round
customer base. The return on the profits from opening a business here are
diminishing and there are empty storefronts all over. The city council has
mandated a downtown 'footprint' of retail-only spaces, so many first floor
building spaces are now people's living rooms. This is depressing the market
and alot of the buyers now are complaining that the town is getting rather
dull and lifeless.

They haven't got to the point where they are ready to sell in any great
numbers, but that may change when the Portsmouth Naval Shipyard is closed. I
have it on a tip from the comptroller there that it is a fairly done deal to
be shut. It will be interesting to see the real estate market shakes down
the casual investors - I'm looking for alot of property to become available
at 80 to 85% of what it is now. The similarities to Wall Street are too
coincidental to be ignored - it's the retirees, who are the lynch-pins in
both of the markets.

> Anyway, your cause-effect analysis is not necessarily coupled
> with what is happening.  Here is an interesting site written by an 81 year
> old economist, advisor to three presidents.  There is a lot of reading
> involved.
>
> http://www.parida.com/

Oooo, cool, I'll check it out. Thanks!
>
>
>


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