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![]() 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 |
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