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  #11  
Old October 7, 2002, 10:31 PM
D.R.(Don)McArdle
 
Posts: n/a
Default Re: Predictions

Hi Dien

>The recent economic "boom" we've had has been driven by Baby Boomer
>spending (both for themselves and for their kids) from the money and assets they've accumulated
>over 20-30 years of working.... As more Boomers retire, they will spend less (since they'll have less
>disposable income) and the economy will decline....

This theory don't hold water. The "boomer" will be spending less, but they will be spending.
Their kids ( two kids each) are now grown spending most of their money on themselves and their
kids, and the economy will increase.

As for a depression, that not hard to figure out, look for one every 70 years . . . 1932 plus 70
years equal 2002 . . . . the one after that 2072.

Regards,
D.R.(Don)McArdle