Poor Boomer

Unemployment: Here to Stay

Older workers might not have time to wait for a recovery.

How Will Shrinking Boomer Spending Affect the Economy?

As soon as I read the title, I thought of Harry S. Dent (Jr), who published a 1990-ish book called The Great Boom Ahead. (Not surprisingly, he is cited in the WSJ article.) In that book, Dent noted the advance of the boomers into their highest-spending years, and predicted the economic slowdown which would follow the boomers into declining life-cycle spending.

As I recall, Dent predicted the slowdown to arrive circa 2010, which would put him close to target.

p.s. I've read a lot about affluent and middle-class boomers - does anyone have a forecast for poor boomers?

Intelligent Government Action Is Key to a Market Turnaround

How many oxymorons are there in "intelligent government action"?

The Downfall of Keynesian Economics and the U.S. (Part 3 of 3)

In the long run, Keynesianism is dead?

How to Solve the Excess Supply in Housing

Bill Conerly should know full well that there is no excess rental housing in Portland. I pay 70 percent of my income to rent a room in a house with nine people on the edge of town - one hour from downtown by bus.

The Housing Crisis Goes Global

Foreclosure rates are soaring, and as those owners are kicked out of their homes for not paying, the structures are sitting empty, with no one waiting in line to buy at any price.


Hogwash, millions of Americans would jump at the opportunity to buy a house - the prices merely have not come down to levels we can afford.