Relevant:
- Peak Savings: Wall Street Faces 20 Years Of Retirement Withdrawals As Boomers Hit 70 1/2
- SAFE MONEY INVESTING: An Interview with Mike Moorhead of Tippett Moorhead
- Don't Buy This Dip: The Fed Is Not Your Friend - David Stockman
- Many Americans accumulating debt faster than they're saving for retirement
- The dynamic central banking duo -- ECB balance sheet up over €3.1 trillion mimicking Fed balance that is close to $3 trillion. Shuffling toxic assets into darkness.
2010-02-24 — atimes.net
"This is NOT a business cycle: this is a one-time reversal of twenty years of inflation of the household balance sheet. An aging populationneeds a 10% savings rate (at least) to meet minimum funding requirements for the biggest retirement wave in US history (comparable to Japan’s retirement wave during the “lost decade†of the 1990s). With 17% effective unemployment, many Americans are dis-saving, after a $6 trillion shock to home equity."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.