not know that The End is Near....
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If this analysis by Doug "selling U.S.Short" is not discouraging enough, you need to read his other article today:
Retail Sales: A Disappointing 0.1% in December
http://seekingalpha.com/article/319181-retail-sales-a-disappointing-0-1-in-december
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There he points out:
The Age 45-49 cohort peaked in 2009 and will bottom out in 2022
after an estimated decline of 13.4% from the 2009 population.
The Census Bureau's estimate for 2012 would give us an additional 8.8% decline in numbers for the big spending cohort before bottoming out.
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So, not only do we have retiring baby-boomers, but we also have a huge decline in peak year spenders, with a huge decline in their and everyone's ability to borrow and spend.
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The Good News is that with nobody working and paying taxes none of it matters.
The End is Near...!!!
Get out your Mayan Calendars...
{so you'll know which day of the month to remember to have sex}
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Demographic Headwinds: The Decline of Peak Spenders
http://www.
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