[lbo-talk] Democraphics and economics

[andie nachgeborenen]

This is addressedto Doug or anyone to knows something
about financial markets. Read a theory, arguing
against SS privatization and more generally on the
reliance of American retirement security on the stock
marjet, that in about 10-15 years, when the second
wave of boomers (my cohort, 1955-65) retires and
starts to cash in their IRAs & 401(k)s, this being the
first generation to rely more on these and not to have
pensions, that this will begin to exert a long term
downward pressure on the stock market just in virtue
of increasing supply (more selling than buying) that
will last more or less till that cohort is dead. Is
that crackpottery, or reasonable or-- is it just
impossible to say given the range of things that might
happen in the market, or what? Is it a consideration
to take seriously in arguing with wobbly liberals
about retirement security?

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