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Response to FogerRox (Reply #65)

Mon Nov 19, 2012, 06:57 PM

67. Which makes my point

When you try to project anything beyond even a few years, its all garbage in, garbage out. Name any mutual fund that can do significantly better than the broad averages year after year, and maybe I'll believe that someone can make reliable long term predictions, even though their own jobs don't depend on it.

I see McJobs as the new normal, we just won't return to the high-paying manufacturing jobs that propelled the economy in the post WWII era. The recessions were brief, and after the temporary economic disruptions were over (or adjusted to), the economy was able to get back to normal again.

The retirements of the baby boomers are a much longer effect than any oil price shocks, or other sort of financial trouble we've ever faced. That wave has started washing up on the beaches of our financial future, and it shows no sign of abating any time soon.

Check out this post of mine:

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=1839696

It's hard to argue with the numbers.

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