Economy

westerebus

(2,978 posts)

40. I think SoGen is optomistic.

Tue Oct 8, 2013, 09:48 AM

Oct 2013

Two reasons, the boomers and their money. I include myself in this assessment.

As they realize the largest bill each month is the mortgage.

The fact we will be working until we all die out, we males will go before the women.

Securing the homestead, paying off the mortgage, is the primary option available.

Shifting out of the stock market (risk) to reduce debt is inevitable.

As the debt is reduced, the money supply slows, credit contracts, the market lowers.

Which is happening now.

It's the undertow you don't see, not the waves you do that's the concern.

The focus by the government is on the government's debt and we know who owns that.

That debt is an abstract. Think the NSA budget. Compared to SNAP?

Who's kidding who?

Demographics don't lie.

They cheat like hell, but, they don't lie.

Governments?

* spelling grammar etc apololgies

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