tag:blogger.com,1999:blog-12333088.post6254780982749795788..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Baby Boomers Cashing In. So What?Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-12333088.post-35031513864827189092007-06-03T14:01:00.000-04:002007-06-03T14:01:00.000-04:00The article seems to describe a giant Ponzi scheme...The article seems to describe a giant Ponzi scheme where a continual new flow of "bigger fools" will want to continue to buy overpriced assets. You can do whatever you want to, but I am not going to bank my future on this idea. My house went down 10% in price over the last year, and real inflation ate up another 7-8% of the value. The point is that even if the buyers are there when I cash in my 401k, the money will be worth only 10-20% of what it is now. Value is leaving us like a bathtub with no drain stopper. When it comes time for your own little slice of the economy to be drained, it will only take a short while for it to be over. The upper middle class, as the only people in America who actually have net worth, are being drained right now and it should all be over with fairly quickly. An upper middle class breadwinner and the person who mows their lawn may have more in common than they think.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-38721916264512030152007-06-02T15:48:00.000-04:002007-06-02T15:48:00.000-04:00carlim waiting for password ect inorder to access ...carl<BR/>im waiting for password ect in<BR/>order to access the the paper you <BR/>talk about . yet i think you will <BR/>see a similar book on the subject <BR/>if you were to read <BR/>the next great bubble boom by <BR/>harry dent .<BR/>in closing now that there is a paper givng a bull mkt into 2040<BR/>shorter term is should be veiwed as we are closer to a top then a bottom .Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12333088.post-88038038307995979322007-05-31T12:53:00.000-04:002007-05-31T12:53:00.000-04:00Fixed it!Fixed it!Carl Futiahttps://www.blogger.com/profile/01624989905417650273noreply@blogger.comtag:blogger.com,1999:blog-12333088.post-37207723312377726772007-05-31T12:38:00.000-04:002007-05-31T12:38:00.000-04:00Hey carl,The link to the economics professors work...Hey carl,<BR/><BR/>The link to the economics professors work isnt working. Any chance you could fix it? <BR/>THanksAurelienhttps://www.blogger.com/profile/11382494055943872878noreply@blogger.com