“More accurate to say that the overwhelming majority of all Baby Boomers have already retired, and that that small contingent of Baby Boomers currently still in the workforce - the stragglers, so to speak - will retire by 2030.”
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.
If the Fed did it’s job, a huge portion of those boomers would put their money into bonds. ‘Cause...seve percent or more to counter the idiocy of adding so much money to the economy. Stocks would suddenly be back to evaluations that were connected to the amount of money they are actually making.
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,