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  • 'The Shallowest Generation': A Rebuttal  [View article]
    On balance I think James Quinn has a case despite this rebuttal article. The baby boomer generation has to correct its weakness for spending beyond its means with freely available debt.

    Debt like any powerful item is a double edged sword. Too much of it is dangerous despite it being freely available. Water is good, essential and quite affordable but if you think copious quantities incessantly it can even lead to death. Likewise debt. It is there but we have to recognize that like fire it is a good servant but a bad master. Lehman found it out too late; many other examples. A whole generation of boomers is now finding out that debt can be a bad master, can lead to wealth destruction.
    Nov 07 09:01 am |Rating: +1 -1
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