Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>>>we have saved up we can use the proceeds to import and thus give a boost to the world economy, etc<<<

Less than 10% of the population saves up enough to have a comfortable retirement. Certainly there are exceptions and Mauldin was speaking in general terms. The generation before the boomers is about 45 million folks. The boomers represent 80 mil folks. and you see how things are today. The generation after the boomers is just about 69 million people. Never before in our history have we had one generation followed by a generation of less people. I think it's a little absurd to think that we can fix the challenges ahead by just importing more stuff. Where will the money come from as these 80 million become net consumers of goods versus net producers of goods? Savings? Get real!

Joe