Wednesday, August 26, 2009

The Market in a Generation

I was reading the Economist Blog, and to sum up, until the U.S. economy is delinked from oil, it's not going to recover. I think it shall never recover, because the transition period will last until the cohort risk of baby boomer retirement, and their mass sales of assets to fund said retirement--made even more massive by their reduced value and the decrease in savings from the recession--will force the price of assets down. We'll go straight from an oil-linked recession into a retirement-linked recession, and may not see a recovered market for a generation.

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