This entry was posted on Monday, October 15th, 2007 at 8:54 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAAJdNHgnKUw&refer=home
Ultimately this will be the greatest drag on the US economy. Not in the way that most might see it though. Certainly the Government will face its own fiscal challenges. But the economy which is driven by consumer spending will be hurt by boomer spenders spending just a touch less than they used to. The ramifications of that reality will have reverberations throughout the economy unlike boomers have ever seen in their lifetimes. Less goods produced and consumed means less jobs which means…….Not good. But that is a little ways off for now.
Enjoy the ride while you can.
My wife said I have to work this video into a post for her……..Ummmm…… Boomer Money…..Lick it Up (while you can)
I should note this is my own opinion and is not necessarily that of John’s (we don’t do macro stuff anyway).
Have a Great Night!
Dave Johnson
October 15th, 2007 at 10:29 pm
Hahahahahahahahahaha! I guess I’m the only “Boomer” that reads this site, hahahahahaha! I was up on the coffee table rocking out to this song, although it took me two or three minutes to get up on the table, hahahahaha! I looooove it! BTWIM, I couldn’t understand a word they were singing, but hey, wad do that matter, Dude, it’s the tunes!
ROCK OUT!