>>>That leaves us to question, who the heck will hold US up if we fail to be the World's booming ecomony? <<<
Bingo! From here on out the demographics get steadily worse. Here's a prediction for you. By 2020 China will be the next top super power. Our demographics (and our political structure) put us at a hudge disadvantage to compete towards the end of this decade.
Back in January 2000 I bought some 30 year treasuries paying 6.5%. I posted it to the board I contributed to and got flamed for it. I then challenged anyone that that 6.5% bond would out perform any large cap tech (CSCO, INTC, SUNW, etc.) stock currently trading for the next 30 years if bought at the same time. A dollar in the bond is currently worth about $1.20 I would guess compared to let's say, CSCO, which that dollar is worth now about 25 cents. wonder if it will ever catch up to my tortoise bond? <VBG>
Joe
