Saturday, August 25, 2007
Is That Frosting on Your Blackberry?
Don't you people read comments? You just go off all over your keyboard?
Here's a representative sample courtesy of gappingandyapping:
Example #1 - What the fuck are you saying they are going to buy luxury goods for if they only saved on average 44k?
Example #2 - You have all of this 44k that your going to need to spend on shit like living expenses which will be pumped back into the economy via Nursing homes
Point #3 - Typically old people give money to their kids since they don't know what else to do with it.
Point #4 - Hello, Boomers have kids that are just now getting into the working market.
Point #5 - Worrying is for aids patients or mine field cleaners.
Here's a representative sample courtesy of gappingandyapping:
Example #1 - What the fuck are you saying they are going to buy luxury goods for if they only saved on average 44k?
- If a Boomer has $44000 or $440000 there won't be any luxury goods. But if a Boomer has $4400000 they will be buying the occasional luxury item from their dividends.
Example #2 - You have all of this 44k that your going to need to spend on shit like living expenses which will be pumped back into the economy via Nursing homes
- Nursing homes ahahahahaha, $44000 will get you about 18 months in a home. Which has minimum wagers wiping asses and doing other paperwork.
Point #3 - Typically old people give money to their kids since they don't know what else to do with it.
- Is that your retirement plan? Wait for the old folks to kick? I may kill myself after hanging around listening to you punks, that's the only way my kids will have anything to inherit.
Point #4 - Hello, Boomers have kids that are just now getting into the working market.
- They are up to their eyeballs paying off student loans, buying HDTV's and trying to pay their taxes.
Point #5 - Worrying is for aids patients or mine field cleaners.
- I'm not worried, I'll be drawing down my portfolio or moving it into dividend payers while you scrounge around for the next hoverround growth or the next great fashion. Good luck with that.
Comments:
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Hmm.. Not sure what your trying to say but let me just say a couple words and let it be.
On item one you posted in your first post that "The average boomer savings is $44,000." You also said they would be living high on this "pile" of cash and we should look to luxury items and healthcare. Are you now saying the number is more like 4.4 Million for the average?
Item 2 - Nursing homes are my business (I own 9 homes), I know how families pay for their care. Believe me, it gets paid for which continues to drive the economy every day.
Item 3 - I don't expect to inherit a dime and don't want to, I want to make my own money or I would not be here on this blog. My point is when people get big inheritance's they often dump it into the market or spend it on shit which keeps this economy growing. It doesn't get buried in CD's or Savings Accounts, it flows into the economy.
4 - And those things keep this economy growing. As long as they are working (college grads tend to work) they are good little spenders who pay the minimum amount on their credit cards each month. This drives the economy.
5 - Your painting a picture of doom and gloom in your posts which lends itself to worry and panic. What was the intention other than saying your fucked when us boomers pull our money out of the market and we have created this mass inflated P/E expansion and when the money comes out it will lead to contraction. Sounds like worry to me.
Where am I wrong here?
On item one you posted in your first post that "The average boomer savings is $44,000." You also said they would be living high on this "pile" of cash and we should look to luxury items and healthcare. Are you now saying the number is more like 4.4 Million for the average?
Item 2 - Nursing homes are my business (I own 9 homes), I know how families pay for their care. Believe me, it gets paid for which continues to drive the economy every day.
Item 3 - I don't expect to inherit a dime and don't want to, I want to make my own money or I would not be here on this blog. My point is when people get big inheritance's they often dump it into the market or spend it on shit which keeps this economy growing. It doesn't get buried in CD's or Savings Accounts, it flows into the economy.
4 - And those things keep this economy growing. As long as they are working (college grads tend to work) they are good little spenders who pay the minimum amount on their credit cards each month. This drives the economy.
5 - Your painting a picture of doom and gloom in your posts which lends itself to worry and panic. What was the intention other than saying your fucked when us boomers pull our money out of the market and we have created this mass inflated P/E expansion and when the money comes out it will lead to contraction. Sounds like worry to me.
Where am I wrong here?
# posted by 
: 2:52 PM
: 2:52 PM
$44000 and living high= sarcasm
#2 the families are paying, not the people living there. Good point. As more Boomers need nursing homes, families will be supporting them.
#3 So all the Boomers have to die for this to happen. The last boomer was born in 1964. You do the math.
#4 Debt is good then? College grads now take jobs to be "happy" rather than "rich." I don't have time to go into that.
#5 Yep. It is gloom and doom, but not hopeless, never said that. I just said don't think you will get double digit returns on equities in 10 years.
Won't happen.
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#2 the families are paying, not the people living there. Good point. As more Boomers need nursing homes, families will be supporting them.
#3 So all the Boomers have to die for this to happen. The last boomer was born in 1964. You do the math.
#4 Debt is good then? College grads now take jobs to be "happy" rather than "rich." I don't have time to go into that.
#5 Yep. It is gloom and doom, but not hopeless, never said that. I just said don't think you will get double digit returns on equities in 10 years.
Won't happen.
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