Baby Boomers’ Retirements in Jeopardy & Stock Market Crash

This is an interesting article.  I remember reading Rich Dad Poor Dad a while back, and it pretty much predicted a decline in the stock market due to these demographics.

  • The Baby boomer population retires, and converts its 401ks etc into annuities.
  • This massive cashing out of the stock market creates downward pressure on prices and stock market collapse.
  • Will last 10 years.  With the population at the end of the bubble being impacted most.

This may compound the sentiments around a potential lost decade economically.

(on similar lines, Boom Bust and Echo is also a good book)

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Through a combination of procrastination and bad timing, many baby boomers are facing a personal finance disaster just as they’re hoping to retire. Starting in January, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years.

via Baby Boomers’ Retirements in Jeopardy – TIME.

A bridge too far? China unveils world’s longest sea bridge which is five miles FURTHER than the Dover-Calais crossing | Mail Online

This is pretty amazing.

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China has unveiled the world’s longest sea bridge, which stretches a massive 26.4 miles – five miles further than the distance between Dover and Calais and longer than a marathon.

via A bridge too far? China unveils world’s longest sea bridge which is five miles FURTHER than the Dover-Calais crossing | Mail Online.