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Lin » Comments » ADRE
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2009 Economic Forecasts Ignore Demographic Shift [View article]
Demographics have a huge influence on the economy . The main reason for Japans 20 year , never ending recession , is due to a very large part of the population being very elderly . The same with the US + the baby boomers retiring in mass . The boomers lost large amounts of their savings during the dot com crash . This market crash , along with the housing market crash has decimated most of their collective " net worths ". The commercial real estate crash will be huge . the many states + cities now bankrupt is also very dire . As Steve says , " I see no way out of this ".The " something for nothing " jobs are history as well .