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Old September 18, 2002, 02:18 PM
D.R.(Don)McArdle
 
Posts: n/a
Default Re: Is entrepreneurship dying in America?

Hi Boyd

Sorry I misspelled your first name on my last post.

>Is entrepreneurship dying in America?
>For the first time in more than 50 years, entrepreneurs are failing to
>lead the United States out of recession, government data suggest.

This is a new one on me . . .
>" entrepreneurs are failing to lead the United States out of recession,"

I always thought the consumer leads us out of a recession. The economy
is consumer feed. The Mom's and Pop's that make $60,000 or less a year
are the real driving force behind the economy. The sad thing is the middle
class is flat broke, credit cards are max-ed out, and their savings is about
zero. They refinanced their homes, now they have nothing to fall back on
when things get bad.

The entrepreneurs online or off-line success rate is about the same 95%
will fail within 5 years.

Regards,
D.R.(Don)McArdle

> Hi,

> Link is below.

> In other news the Dow is at support levels
> right now. If it breaks below 8200 it's not
> what would be called a good sign.

> Best,

> - Boyd