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Re: Guest Post: The Chart Of The Decade 

By: Decomposed in ROUND | Recommend this post (2)
Wed, 28 Mar 12 7:30 AM | 62 view(s)
Boardmark this board | De's Test Board 		Msg. 40041 of 45510
(This msg. is a reply to 40028 by capt_nemo)
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It's the chart of the decade and you didn't post it? For shame!

It really IS horrific. How can anyone over 65 hope to survive to, say, 85 when they've only got $170,000 them through all of those years???

Unbelievable. In the 1984 chart, folks age 65 had $120,000 - but the buying power of that money was probably 3 or 4 times what it is today. So, it was like having $450,000. Coupled with Social Security, it *might* be enough.

Today's 65 year olds may as well plan on storing a bullet with their savings. At the end of their lives, when the money is gone, they'll be needing it.

I don't even want to think about the course that todays 35 year olds are on.
 


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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Guest Post: The Chart Of The Decade
By: capt_nemo in ROUND
Wed, 28 Mar 12 4:40 AM 		Msg. 40028 of 45510

Submitted by Tyler Durden on 03/27/2012 - 14:50 Apple Australia China Excess Reserves Gross Domestic Product Guest Post Medicare Money Supply New York City Reality Ron Paul The Economist Unemployment United Kingdom Volatility

This chart tells millions of stories. That’s right: since 1984 (surely an appropriate year) while the elderly have grown their wealth in nominal terms, the young are much worse off both in inflation-adjusted terms, as well as nominal terms (pretty hard to believe given that the money supply has expanded eightfold in the intervening years). So why are the elderly doing over fifty times better than the young when they were only doing ten times better before? There is enough money to keep the economy flowing so long as there are opportunities for people to make themselves useful in a way that pays. With the crushing burden of overregulation and the problem of barriers to entry, these opportunities are often restricted to large corporations. These issues of youth unemployment and growing inequality between the generations are critically important. Unemployed and poor swathes of youth have a habit of creating volatility in response to restricted economic opportunity.


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