The Boomsday/banking double-whammy
Sorry to be gloomy on Christmas, but the following articles caught my attention:
The first of the vast US baby boom generation goes into retirement in January, setting off a demographic tidal wave with wide-ranging economic, political and social implications.H/T Breitbart
Here comes Boomsday - just in time for the mortgage/banking crisis.
Does anyone still think they have "too much equity?"
Labels: Boomsday, business cycle theory, economics, inflation
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