wabmester
Thinks s/he gets paid by the post
- Joined
- Dec 6, 2003
- Messages
- 4,459
Pick your favorite doom, gloom, or party scenario.
I'm a long-term bear.
Cut-Throat said:An article in the Minneapolis Paper today on one of our local companies (Dairy Queen) expanding in China. The Chinese will get hooked on those Peanut Butter Chocolate Blizzards, just like I did!
IMHO, I think the housing market is going to deliver quite a punch when it finally implodes.
Michael said:The boomers won't want to hear that. Many of the boomers on the coasts plan to retire by forcing their children to pay millions for their aging homes. They think that by using zoning laws to forbid their children from building homes of their own, parents can make their children bid up the prices of existing homes at the rate of 20% per year indefinitely. Instant wealth. No saving needed. Plus they get to take out 3rd mortgages to live lavishly now.
Ingenious.
I'll bet your parents are even in that generation.
Laurence said:Well, we are running huge deficits, and have a huge debt, and no one has the guts to cut spending (just look at that energy bill- oink! oink!) and politicians have painted themselves into a corner so that no one dares be the first to raise taxes. All this equals inflation. Print more money, chase those goods. Only way the government get out from under this mountain. My hedge was to take advantage of these super low interest rates over the last year and lock everything in that I couldn't pay off. Even if my raises barely keep up with inflation, at least my mortgage will feel like $100 a month.
brewer12345 said:Demographics: Everybody is worried about the boomers, but we all seem to forget about the boomers kids and the burgeoning population of developing countries (and immigrants). It doesn't scare me.
mikew said:Seigel wrote in his new book that the stock mrkt would be safe as the boomers retire because the chinese will buy our stock.
mikew said:Seigel wrote in his new book that the stock mrkt would be safe as the boomers retire because the chinese will buy our stock. This seems pretty iffy to me for a lot of reasons from nationalism to projected decreasing US stock returns to currency problems etc.
One thing about an aging society is you never get to sit on the bus.
Mike
Cut-Throat said:1.) the richest 10% of U.S. House holds own 88% of individual equities.
mikew said:Cut-Throat
I didn't understand this. Does this exclude mutual funds, foriegners, business holdings? 88% seems awfully high. But with the savings rate so low...
Mike
In any case, the boomer retirement scare isn't as much about equity liquidation as it is about a general economic slowdown.
Bingo! We have another winner on aisle 4%.dory36 said:It's gonna go one way, then the other.
Index funds, 4%, and look at 'em every 12/31.
Otherwise, enjoy your ER.