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Boomers in Trouble: The Unheralded Economic Mega-Trend
Seeking Alpha ^ | July 14, 2009 | Graham Summers

Posted on 07/15/2009 4:31:32 AM PDT by arthurus

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To: DuncanWaring

“Some are even boomers themselves.”

I believe that. There are many self hating liberals around that are full of guilt. I know several of them.


21 posted on 07/15/2009 5:14:43 AM PDT by caver (Obama's first goals: allow more killing of innocents and allow the killers of innocents to go free.)
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To: DustyMoment

I don’t see any “bashing” in it. He is just saying that people do what people do and react to the signals they perceive.


22 posted on 07/15/2009 5:15:17 AM PDT by arthurus ("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
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To: ImpBill

I’m a boomer, too, born in ‘55. Thankfully, we’re also out of debt, have saved and have diversified.

The trend I’m seeing is that fewer boomers, especially those in small businesses, are retiring.


23 posted on 07/15/2009 5:16:16 AM PDT by keats5 (Not all of us are hypnotized.)
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To: Aevery_Freeman
Really? I never trusted 401-K's and bought physical gold (bullion & numismatic) instead . . . I'm pretty comfortable with my decision.

Just like Mary Poppins, Practically Perfect in Every Way! I love these posts where people write about the fantastic decisions they made and how lovely everything is for them.

24 posted on 07/15/2009 5:18:57 AM PDT by ottbmare (Ein Reich, ein Volk, ein Obama!)
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To: caver

Actually, I was referring primarily to those whose birth certificates say “boomer”, but who recognize that the bulk of those in the same category are f****** morons. ;-)


25 posted on 07/15/2009 5:20:34 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: arthurus
DH and I are boomers. Retirement is less than three years away. We worked all our lives, saved and invested, had a good 401K. We have lost 40% of our investments during this recession. We will not be spending any money.
While we hadn't planned high living during retirement we had hoped to do some travel and move closer to our kids. Looks like we might have to stay put.
26 posted on 07/15/2009 5:21:00 AM PDT by k omalley (Caro Enim Mea, Vere est Cibus, et Sanguis Meus, Vere est Potus)
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To: ImpBill

ImpBill

You are not alone. Your story is my story.

When my company downsized in 2007 when I was 59 I knew I would never get anothe job that paid as well as the one I had so I decided to just retire. Leave the work force.

I could do that because we had no debt and we had savings.

It is possible, but you needed to start 15 to 20 years go getting your financial house in order.


27 posted on 07/15/2009 5:24:03 AM PDT by CIB-173RDABN
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To: shineon

Thank you. Our nations economy would be 10-15% larger just by virture of these people having been born and living.

The book Freakonomics attempts to draw a corollary between abortion and the drop in crime rates in the 1990’s.

What they really should’ve been looking at is how it was going to crash the economy. We are now in what would be termed the prime working years of those aborted. They would be generating the highest income and productivity of their lives right now.

Wittingly or not, Democrats are a force of evil and destruction. Constantly choosing short term gratification over the long term survival of the nation is pure Democrat, and pure stupid. Many followers are may not be acting with the motivation of our destruction, but are integral accessories to its occurence.


28 posted on 07/15/2009 5:26:19 AM PDT by johncocktoasten (Practicing asymetrical thread warfare against anti-Palin Trolls)
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To: patton

!


29 posted on 07/15/2009 5:27:44 AM PDT by Robert A Cook PE (I can only donate monthly, but socialists' ABBCNNBCBS continue to lie every day!)
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To: GonzoGOP

Behind the portfolios are assets the present value of which have declined.

The Marxists are printing money at a truly unsustainable pace.

The result will be inflation that will revalue the assets and smooth over many of the rough spots.

Debtors will see their mortgaged assets rise in value and creditors will see their loan portfolios shrivel.


30 posted on 07/15/2009 5:28:34 AM PDT by bert (K.E. N.P. +12 . The boy's war in Detriot has already cost more then the war in Iraq.)
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To: thomas16

Well, really now. Ya think today’s parents have something to b*tch about? 8<)

What do you think Adam was complainin’ about to Eve the day after Cain killed 1/2 of their children?


31 posted on 07/15/2009 5:29:50 AM PDT by Robert A Cook PE (I can only donate monthly, but socialists' ABBCNNBCBS continue to lie every day!)
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To: arthurus
He is just saying that people do what people do and react to the signals they perceive.

IF I were to believe that, then I still have to ask why he focused his article on the BOOMERS being at the center of what he describes as a "mega-trend"? If people are "doing what they do and reacting to the signals they perceive", would that not apply to ALL people? Or, are non-boomers not people??

32 posted on 07/15/2009 5:34:51 AM PDT by DustyMoment (FloriDUH - proud inventors of pregnant/hanging chads and judicide!!)
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To: Robert A. Cook, PE
Loss of the people themselves: There aren’t enough real workers.

Huh ?? The unemployment rate is already close to double digit and there aren't enough real workers ?

The real problem is there aren't enough JOBS.
33 posted on 07/15/2009 5:38:06 AM PDT by SeekAndFind
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To: DustyMoment

Of course, it applies to all people. Boomers are, however, a large group that came on the scene together and are leaving the scene all together. “Boomers” just describes a population phenomenon.


34 posted on 07/15/2009 5:45:40 AM PDT by arthurus ("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
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To: arthurus

the Boomers...frankly was robbed!!!


35 posted on 07/15/2009 5:51:01 AM PDT by mo
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To: ottbmare
Just like Mary Poppins, Practically Perfect in Every Way! I love these posts where people write about the fantastic decisions they made and how lovely everything is for them.

Why, thank you! Additionally, I have never held a mortgage but own a home in the city and a farm in the country both completely furnished with all I need if things go south. My weakest resource is electronic cash in the form of CD's but with the gold and firearms, I do feel pretty comfortable. I have taught myself how to garden organically (including wild harvesting), can my food, brew my own beer and wine and butcher my own meat.

I hope everything is lovely for you as well, my friend.

36 posted on 07/15/2009 5:55:32 AM PDT by Aevery_Freeman (Our Last Best Hope: REPEAL THE 16th AMENDMENT!)
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To: SeekAndFind

“The real problem is there aren’t enough JOBS.”

But I thought the fools were all saying that we have a Jobless recovery and we shouldn’t worry.


37 posted on 07/15/2009 5:57:42 AM PDT by bestintxas
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To: k omalley
I am a not-so-prosperous original boomer that blew away some investment money and have little conventional savings. But I have no mortgage and no rent. I own my small house. I owe no money. I do not expect to retire until/unless forced to medically as it would be on SS alone which will be very little. However I will continue to travel. I started buying gold a long time ago and regularly over the years, not seeing it as an "investment" at the time-I liked the pretty coins. Gold, of course, has not actually appreciated in real value but has retained such value as I did not lose by spending on consumables and equities. I also bought raw "waste" land for very cheap, because I felt that a man should have some land and I could not afford to buy anything that actually cost some money. After the "bubble" that land is appreciating nicely because development is going on around it, slowly now, but ongoing nevertheless.
38 posted on 07/15/2009 6:02:25 AM PDT by arthurus ("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
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To: caver

The only bashing I’ve seen in this thread is against my generation: so-called “Generation X”. Whatever makes the boomers feel morally superior as they flush the future generations down the toilet, I guess. I can’t wait to work until I drop dead, under the weight of crushing debt.


39 posted on 07/15/2009 6:11:29 AM PDT by thecabal (Hey Obama, when you gonna start sharin' the sacrifice?)
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To: SeekAndFind

Look to the furure: What will the siutaion be in 15 years?
In twenty years? Thirty?

Those future jobs are required to subsidize the social insercurity of the boomers retiring in the next 10, 20, and 30 years.

Today’s economy - getting raped by Zero and the liberals - can be saved (maybe - if health care, obamanomics, and cap-and-tax don’t permanently get installed) but the longer term economy is even worse.


40 posted on 07/15/2009 6:19:36 AM PDT by Robert A Cook PE (I can only donate monthly, but socialists' ABBCNNBCBS continue to lie every day!)
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