In the year 20-11...
That in fact is the premise fund managers work on these days, that the Boomers are in their "saving years" and thier "peak earning years". It sounds a bit like a trite truism, and in fact, it does over simplify the case.
Boomers have not caused inflation to bottom out, and interest rates with it. A lot of the good times has to be credited to our Federal Reserve and the opening of new markets around the world. The Japan Machine lifted the entire Pacific Rim out from Third World status. But as always, the Boomers get all the credit. They always have.
While we're talking National demographics here, picture this scenario:
The Boomers retire, many of them earlier than 2011 (because they are the Saturday Generation, the first generation to get Saturdays off on a regular basis). The following generation, which had a hard time getting jobs behind the swollen ranks of the Boomers, suddenly find themselves in great demand due to a labor shortage. Salarys ratchet up, inflation roars back, and the price of gold soars.
The pendulum swings.
-kh
ps. the hottest investments of the first decade in the new millinium will be anything geriatric. Old age comes of age. Wrinkles will be hip. |
