Will 2004 be a Banner Economic Year?

Discussion in 'Current Events' started by 5stringJeff, Dec 29, 2003.

  1. 5stringJeff
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    5stringJeff Senior Member

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  2. DKSuddeth
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    DKSuddeth Senior Member

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    It very well could be. I hope salaries go up as well.

    One of the things that is going to be a long term indicator though will be a drop in prices for goods and services. All the tax cuts combined with cheaper labor should result in them unless corporations continue their short term vision of investor profits.

    Will inflation rear its ugly head in 04?
     
  3. injury
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    injury Guest

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    I personally don't think it will be a banner year, I think it will be hard to top the tech boom at least in this generation. I imagine the resulting tech bust will continue to keep people cautious.

    I'm am continuing to look for things to keep improving slowly and steadily, and hoping the current trends have lasting positive effects.
     
  4. 5stringJeff
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    5stringJeff Senior Member

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    Welcome to the board injury!

    I agree, the tech boom years posted some great numbers, but as we have seen, those numbers were not sustainable in the long term. I think the numbers that the analysts in this story are forecasting are sustainable in the mid- to long-term.

    On a different note, what will the Democrats have to complain about when the economy posts four straight quarters of solid growth before the election?
     
  5. DKSuddeth
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    DKSuddeth Senior Member

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    I can almost hear the 'are you better off now than you were 4 years ago' commercials.
     
  6. DKSuddeth
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    DKSuddeth Senior Member

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    http://www.nypost.com/news/nationalnews/14672.htm

    COOKING UP NEW CAREER

    December 29, 2003 -- HYDE PARK, N.Y - Thousands of unemployed workers are finding a new recipe for success.
    Enrollments at 229 culinary-arts programs accredited by the American Culinary Federation have soared almost 40 percent - from 18,000 students to 25,000 in the last two years. And many of the new trainee chefs are changing careers. The median age of those learning the secrets of the kitchen is now 27, up from 19-20 five years ago.

    Amanda McDougall is typical of those who have turned to learning how to cook professionally. When the dot-com bubble burst, the company she worked for lost many of its clients and McDougall lost half her co-workers.

    "At that point, I thought, 'It's just a matter of time before I'm laid off and I'm not happy here. I'm better off cooking,' " she said.

    So, at age 28, McDougall quit and enrolled at the Culinary Institute of America in the scenic Hudson Valley.

    "In culinary arts, for our chefs, if you just pick up the paper anywhere, you can see there's always positions available," said Candice Childers, accreditations-program coordinator for the federation.

    So far this year, 160,000 jobs have been added to an industry that already employs almost 12 million people, said Hudson Riehle, senior vice president for research and information services at the National Restaurant Association.AP
     
  7. injury
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    injury Guest

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    "what will the Democrats have to complain about when the economy posts four straight quarters of solid growth before the election"

    Their mantra will be "But where is Osama" if we find Osama it will be "Where is our exit strategy" if they get tired of beating that to death we will be priveledge to see some "expose's" on Bush and Cheney and any business ties they have, if Halliburton fails, we will see a story in some rag about how we only went to war to further the prospects of the Texas Rangers.
     
  8. DKSuddeth
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    DKSuddeth Senior Member

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    somebody has to pay A-rods salary.

    :laugh: :laugh: :laugh:
     
  9. Palestinian Jew
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    Palestinian Jew Member

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    Of course the dems will complain about something, thats what political parties do!!!! If positions were reversed, republicans would also find something to complain about, so I won't blame them if they do.
     
  10. MtnBiker
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    MtnBiker Senior Member

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    DK, I missed your post, interesting. Actually it can be a good carrer choice. A culinary degree can lead to more oppurtunities than working in a kitchen.:)
     

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