by John Rubino
Dollar Collapse
There’s never been a generation as influential, for good or ill, as today’s Baby Boomers. So our mass retirement over the next decade should, in theory, be a big deal.
One scenario has us selling our stocks and either spending the proceeds or moving them into less risky assets like bonds and cash. This reverses the past few decades’ upward pressure on stock prices and sends them down hard. At the same time, we downsize our living arrangements, swapping multi-story McMansions for smaller one-story homes conducive to aging in place. Large house prices, as a result, plunge.
Harry Dent is a well-known proponent of the demographics-as-destiny idea. Here’s his take: