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Financial Foreshadowing
The financial meltdown started me thinking. In my opinion the markets were going to crash anyway. The fuel for the crash would be the dieing off of the boomers. Since much of our economy was/is built on the use of credit when the boomers start kicking the bucket in large numbers the economy would have no choice, but to slow down. Since the younger generations are using excessive amounts of credit they would not be able to keep up their spending to cover the loss of expenditures for the boomers. My hopes are that people enjoy the hang over and learn that excessive credit spending is not a good thing.
I think (hope really) the end result would be that the economy, which is hurting now, would not expand to previous meltdown levels. This would act to lessen the impacts of the largest generation dieing off. If lending increases and the economy expands to previous levels, then when the boomers are no longer a factor the economy is going to be hurting for a longer period.
Any thoughts?
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You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles
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