Quote:
Originally Posted by Tinordi
I read this book a while back, was scary: The Coming Generational Storm
http://www.economist.com/media/globa...storm_e_02.pdf
• The U.S. population of people older than 100 will rise from 60,000 to 600,000 by
mid-century.
• The “pig in the python” effect describes the bulge caused by the baby boom
generation.
• Demographics show that America is becoming “one big retirement community.”
• Our culture is essentially shopping with the credit cards of our children, running up
huge debts that they will have to repay.
• Generational accounting measures the debt burden that one generation leaves the next.
• Accumulating huge government debt and social security entitlements amounts to
fiscal child abuse. |
There is also Boomernomics and all the books that Henry Dent has put out over the years while the market has remained irrational.