Daniel Herkes

2009 Economic Forecasts Ignore Demographic Shift

Good analysis. The baby boomers are beginning to act like old people. That's because old people have better sense when it comes to discretionary purchases, and are unwilling to leverage. I wonder what the mindset of the young will be like after they have a taste of this sort of setback? Will they resemble the dollar stretching, penny pinching generation of the depression?