Mohacsy's Safe Portfolio Member Forum

[n4807g]

Hey Eric..$425 in sight with no support for the $. No panic yet in the currency markets, but 2004 may be remembered for a sea change in the world economic picture. Can we continue to ignore the fact that the $ will be under pressure as long as our debt (public and private) balloons unchecked? I guess the investing community hasn't come to grips with the fact that the FEDdlers are holding interest rates in check because there is a far greater risk of the economy faltering than rocketing forward. Here's an interesting factoid: In 2000 New Hampshire had 104,000 manufacturing jobs. By percentage, the largest category. In December 2003 we have 80,000, by percentage now 4th. Here's how we stack up now:

1st Government jobs (98,000)
2nd Education/health (95,000)
3rd Retail (92,000)

Welcome to the "New Economy"; pencil pushers and Wally World employees.