Nasdaq tumbles 2% Friday, notches worst week since 2020 and falls deeper into correction territory

The tail end Baby Boomers, those born in the 1958-64 period, will likely retire by 2030 or so. But the tail enders are a smaller contingent of the Boomers.

You are simply repeating my own words to me.

Then we will start hitting the early wave of Gen X, those born in 1965-72, leaving the work force.

So? What is the significance of that?

Regards,

I was making a sweeping and breezy generalization because this is FR. I was attempting to point out I saw that retirement as another factor to be included.

And I was simply making your statement more precise because I am a nitpicker!

Your comments here are appreciated.

If the Fed did ~~it’s~~ its job, a huge portion of those boomers would put their money into bonds.

The U.S. National Debt is too enormous to offer higher interest rates! The whole "house of cards" would collapse if a Prime Interest rate honestly reflecting current economic and financial conditions were to be suddenly put into effect! Merely doubling the paltry 1.8% now offered for 10-year Treasuries would mean doubling the approx. $400 billion per annum which the U.S. govt. must pay in interest payments, alone.

Regards,

“The whole “house of cards” would collapse if a Prime Interest rate honestly reflecting current economic and financial conditions were to be suddenly put into effect! “

Everybody loved growthgrowthgrowth. The problem is there’s self cancelling debt, say an investment in a power plant. Then there’s inefficient debt, say repainting all the federal buildings to resemble pink pussy hats or something to combat “global warming.” (Quotes because I’m old enough to remember when we were heading into a new ice age and PEAK OIL!!!!) I’d say the bulk of the national debt now is the latter type and we’ve signed up our grandchildren to pay for paint jobs that have long faded. It’s time to pay the piper, but they’re waiting for a Republican president to drop the hammer and spoil the economy. I have an idea on how to get out with minimum damage and that’s to cut down the size of the government and to ask, seriously, what we want government to do?

I see these stock video shots of Chinese cities at night and every skyscraper is lit for a light display. An analysis of Chinese power usage says they use their power at a fraction of the “efficiency” that America does. It’s because all those gorgeous futuristic light displays are not productive. Any similar American city has no such displays. What our government has instead is a plethora of farm bureaus, milk subsidies, and a regulation generating industry. Every new regulation adds cost for compliance and penalties for noncompliance. Thus, there’s probably a twenty-five to fifty percent price premium on just about everything. In Florida there are huge penalties for catching the wrong fish, a fish too short or in the wrong season or both. You can go to prison for a year or more. At the federal level several years ago a senator asked the DOJ for a list of all the regulations and laws at all levels that were not legislated by a state or federal level that required a jail sentence. The DOJ replied that there were so many, some at the county or city level that there was no possible way to list them. Someone said that we were all unknowing felons for at least fifteen minutes out of every day. (I rescued some Florida Tortoise eggs from destruction and was informed that even touching them was a fifteen thousand dollar fine and up to one year in jail. The director at the children’s nature museum then looked away and said, “I haven’t seen anything. You should leave.”)

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