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Pastimes : Ask Mohan about the Market

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To: Bruce A. Thompson who wrote (9667)	11/28/1997 10:39:00 AM
From: Bilow	Read Replies (2) of 18056

Hi Bruce; Re: Baby Boomers in their prime earning years putting all they can ($25BB monthly) into mutual funds I agree. But the basic problem is that an economy has no way of moving savings from one time period to another without a stable or positive store of (international) value. In other words, we all can't retire at the same time. There wouldn't be anyone to cut our hair. :) If the baby boomers put all their savings away in cash, then when they all retired, cash would be worthless too. It looks like a classically unsolvable problem. I believe Japan has had the same problem in spades. They did manage to save a lot of foreign assets, but now find that they really are not in a position of cashing in their chits, as they would cause a big downer on casino where they bought them. Well, I'd better go see if there are any raging buys that just can't wait till Monday... -- Carl

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