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Frank Pembleton

10/20/02 8:34 AM

#502 RE: Frank Pembleton #501

Is This House Worth $1.2 Million?

No, we don't have a housing bubble yet. But if the frenzy doesn't end soon, we will. Then, watch out.
FORTUNE -- By Shawn Tully
http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc_id=209840


JimWillieCB

10/21/02 10:30 AM

#509 RE: Frank Pembleton #501

NYTimes requires membership subscriptions
if you could outline main points, great

a culture and economy within a nation can often be well judged by the success it has in building the middle class
it is easy for an upper class to continue dominance
it is all too easy for a lower class to remain downtrodden
but new opportunities for jobs, savings, accumulation, and increased standing are what allows a middle class to grow and thrive

Vermont's Bernie Sanders grilled Sir Alan GreenWad two months ago during a HumpHawk Congressional report meeting about the historically unprecedented widening of the upper-lower class during his tenure
Greenie had nothing direct in response, a tacit denial

right now the fastest growing middle class is India's
perhaps China also
but not Europe, not NoAmerica, not South America
/ jim