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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: elmatador who wrote (50342)5/24/2004 3:44:07 AM
From: Seeker of Truth  Read Replies (2) of 74559
 
Hi, Matador.
You posted that Citigroup savants say that the baby boom generation will work longer and earn more than previous generations. Now Citigroup is a broker so of course they are very neutral and scientific and wouldn't want to deceive us. But really that's one of the most bittersweet declarations I've ever seen. At what jobs will these eager baby boomers work? What employer dreams of hiring lots of those over 60's people? Try and get a job if you are jobless and over 50!! What they want and what the system offers them have no relation to each other.
Citigroup's declaration reminds me of Japan's "life long" employment. Companies in difficulty there are pushing their loyal employees out at age 55. Now we say "career long employment".
Citigroup is honest and upright. They might have to pay a few hundred million occasionally as a penalty for deceiving investors, but that's due to some misunderstandings. If the Republicans get a big majority of both houses this November, you won't hear about such incidents in the future.
Young people out there, to secure your future you have to 1. strive to be an expert at what you are doing, 2. Cultivate a frugal life style, and 3. pay some attention to the stock market; don't settle for mutual funds. So I believe.
BTW, El Matador, do you really like bull fights?
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