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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Yorikke who wrote (51105)1/24/2006 2:49:53 AM
From: mishedlo  Read Replies (5) | Respond to of 110194
 
deflation will actually be a good thing to those that are young and out of debt. Cost of education, housing, and other things should drop.

Returns on investments will suck, but most of the young have nothing to lose. They would have a chance to accumulate at the bottom.

Boomers have enjoyed a good ride all the way up. Maybe retirement will not be so good as a punishment.

Actually I am struggling with both education and medical expenses. Something has to give and I can only see tiny bits of solutions.

There is a real serious problem with medical expenses. For the first time I am really wondering if a college education is worth it vs becomming a plumber or bricklayer. I am saying that in spite of the fact I think housing crashes. I just do not see where jobs are coming from at all.

Nurses are one of the few bright spots.

Mish