[lbo-talk] Democraphics and economics

andie nachgeborenen andie_nachgeborenen at yahoo.com
Fri Jul 15 11:20:22 PDT 2005


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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