Sign in to follow this  
Followers 0
The Masked Tulip

Are Retiring Baby Boomers About To Crash The Stock Market?

11 posts in this topic

The comments on house prices at the bottom of the article are interesting - have any of you naughty HPCers been lurking there?

Are Retiring Baby Boomers About To Crash The Stock Market?

Fixed link - Read more: http://www.businessinsider.com/baby-boomers-crash-stock-market-2012-3

Edited by The Masked Tulip

Share this post


Link to post
Share on other sites

The comments on house prices at the bottom of the article are interesting - have any of you naughty HPCers been lurking there?

nortei-nortey.jpg

Wot me? Nevah..

Share this post


Link to post
Share on other sites

Yes Retiring Baby Boomers are to blame!

This is government propaganda yet again trying to blame anyone but themselves. What a load of Crap

Anyone with a brain knows a Big Crash is coming, The government controlled newspapers are just planting blame seeds.

Just remember, In politics, nothing happens by accident. If it happens, you can bet it was planned that way. Franklin D. Roosevelt

Edited by Asheron

Share this post


Link to post
Share on other sites

The comments on house prices at the bottom of the article are interesting - have any of you naughty HPCers been lurking there?

Are Retiring Baby Boomers About To Crash The Stock Market?

Fixed link - Read more: http://www.businessinsider.com/baby-boomers-crash-stock-market-2012-3

I don't see the logic of this. Anyone retiring is surely going to be thinking of income and a lot of stocks pay good dividends - considerably better than savings in the bank.

OTOH I suppose they could be cashing in to buy a BTL or two.

Share this post


Link to post
Share on other sites

The comments on house prices at the bottom of the article are interesting - have any of you naughty HPCers been lurking there?

Are Retiring Baby Boomers About To Crash The Stock Market?

Fixed link - Read more: http://www.businessinsider.com/baby-boomers-crash-stock-market-2012-3

No sh*t. You mean people save money and then they spend it. The bastards. Surely they should leave it all in the possession of Goldman Sachs.

Edited by stormymonday_2011

Share this post


Link to post
Share on other sites

Harry Dent has been touting this for a while. Consumer spending is very predictable and therefore economic cycles.

Share this post


Link to post
Share on other sites

Like it or lump it, this is the way things will pan out.

Also to include (for the UK), mass equity withdrawals, erosion of the medical system, increased cost of nursing home and palliative care.

Things to expect, exclusion from the state medical system for those with X amount of assets, increased taxation for the working generation, big drops in 'safe' stocks.

It will be hellish for the boomers in a decade or so, compared to what their expectations were for retirement with the 1960's mindset.

Property will drop, tax free inheritance thresholds will drop, etc...

On the other hands, it will be a boon for the brokers, tax solicitors, and funeral directors.

EDIT: oh yeah, and that old chestnut of ENERGY. It's going to cost a lot more, with a high probability of rationing in the not too distant future. It will probably start with the greenwash of the UK 'meeting its carbon allowances' but those that know, we have only a few decades of our own indigenous energy left. It's not going to get better.

EDIT 2: and lets not forget about predatory lenders and pawns for your 'poor' granny, having to gift away stuff to eat. It's already here and growing every day.

All said, it could very easily get very messy, even violent, when people start realising that there is no treasure at the end of HM Britannia's rainbow.

Edited by cashinmattress

Share this post


Link to post
Share on other sites

Harry Dent has been touting this for a while. Consumer spending is very predictable and therefore economic cycles.

He has, but I can't help but think he's forgotten a couple of things.

The Dow Jones Industrial Average is made up of 30 companies. Looking that the current constituents you have companies like McDonalds, Coca Cola, Exxon Mobil, Boeing, Catterpiller. Are those companies dependent on the US consumer, or are they global? Might you expect their income to grow from emerging markets if and as it shrinks from the US?

He also must be talking about real decreases in the index, but we could quite easily see nominal increases even as real company values fall if we get the inflationary outcome many think we will.

I like Harry's views but he has to take an extreme view to sell books and seminars and I don't think his demographics mantra is the whole story.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.