wrote in message
ups.com...
NOYB wrote:
wrote in message
ups.com...
I took a seaplane up to Roche Harbor to cover one of the many owner's
rendezvous we see up this way every spring and summer. The boats were
all 36-60 feet, (nearly all 42 or larger and over 50 very common). The
least expensive boats run about $500k, with 7-figure price tags
extremely common. This line of Asian trawlers has been imported by the
regional dealer for about 5 years, so I was impressed to see over 30
boats gathered the last weekend in April at Roche Harbor.
When I remarked about the large gathering, I was told that several of
the people who had intended to come had to change plans at the last
minute, or the gathering would have been larger.
"We'll have a substantially larger group next year," said a
representative of the local broker/importer, "we currently have orders
for another 31 yachts."
That's a lot of upscale boat business, by any standard.
And all despite the escalating fuel costs. The economy is apparently
stronger than some would like us to believe. Imagine if fuel was back
down
to $2/gallon!
The economy is *extremely good* right now, for certain groups and
certain sectors.
The gap between the haves and the have-nots is growing by leaps and
bounds. Some of the former middle class are joining the "haves", but a
greater number are probably joining the "have nots". For people basing
their personal economic life around working at a skilled or
semi-skilled occupation for a salary or hourly wage, incomes are more
fequently almost stagnant or even slowly declining, (while prices for
most things rise slowly and prices for eenrgy are shooting through the
roof.) But I do agree, if one only looks at a portion of the picture or
considers only ones' specific personal curcumstances the current
situation can appear very rosy indeed for a lucky (or hard working and
highly deserving) minority.
Most of the world never had a middle class. It was a product of the
need for skilled labor in a highly industrialized society in the
western economies where it has existed in the last 150 years. I think
historians will look back on this time and observe that when the
industrial base shifted from the first world to third world nations,
computers and robotics replaced a lor of the supervisory and skilled
labor occupations. This new dynamic, coupled with a surplus labor
supply numbering in the hundreds of millions in the newly emerging
industrial
powerhouses, will allow lifestyles in the Asian countries to improve
dramatically but there will be no need to transfer enough wealth to the
workforce to ever create a middle class consumer economy in most of
those areas similar to that of the United States in the last half of
the 20th Century.
I was commenting on this the other day to a friend. China has grown too
fast without experiencing the "growing pains". We had our Upton Sinclair
Industrial l Revolution to get to where we're at today. China hasn't.
They're more likely to go through much more internal turmoil than we ever
experienced. China's day of reckoning is coming.
When the dot.bomb stock frenzy was in full swing, a lot of big boats
were sold as well.
Obviously this isn't primarily high-tech stock money going into these
boats, a lot of it is probably people refinancing nice homes, or
selling off that rental house they bought 30 years ago for $30,000 and
walking away with $1mm.
More people than ever can afford a $1mm plus boat. More people than
ever cannot afford to pay the premiums for basic health insurance.
Then call your senatora and get them to vote in favor the Health Insurance
Marketplace Modernization and Affordability Act in a couple of weeks!
http://capwiz.com/nfib/issues/alert/?alertid=8167701
http://www.naractioncenter.com/keyis...hr525s406.html
http://www.nam.org/s_nam/doc1.asp?CID=362&DID=235632
http://www.aia.org/SiteObjects/files...ma_march06.pdf