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Politics : Ask Michael Burke
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To: James R. Barrett who wrote (526)8/19/1996 11:12:00 AM
From: edward miller   of 132070
 
I hope you read Michael Burke's response. To really understand the implications I suspect that I will need to do some research on many subjects, including demographics worldwide.

Based on your comment about inheritance I suspect that you aren't near that life change. I've already seen that one go by and I know that many others are in the same situation.

Actually the boomers will start retiring in 2001 or 2002 (1947+55). Now that does not count those who are *both* sufficiently wealthy to stop working earlier and non workaholics who have enough sense to enjoy themselves. With so many high-stress jobs these days, you may be surprised at how many of these types exist. If this phenomenon does occur, it's not going to last 15 years. I think we are further into this bubble than that, if there is a bubble (see MB comments).

As to the impact of the rest of the world, I still believe that one can still claim that the US consumer economy is the primary market for products from the rest of the world. When this driver shrinks, the world economy will shrink. At this point trade will become more difficult, tempers will rise and the world will return to normal - the state of war. I think the next generation is really in for it. And let me be very clear that this is NOT what I wish to see.

Ed
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