Greenie is correct about the 2008 data.
It is just a matter of birth tables and retirement dates. That is the Pres largest talking point. Baby boomers start to retire 2008. However with M&A that is going to pick up much faster by "early retirements".
Deception works great when their is a little truth thrown in.
Because you can say the numbers do not lie. Yes that is correct. So on the other hand you can not say the econmony looks great...because moving forward you have a massive pile of crap in the road. If the budget is 437B + 82B (iraq) + 72B (medicare) + 1.2T (private accounts) over revenue NOW, how much is it going to be over in 2007? :h
Like I have said, People are not having children anymore because IT IS TO expensive to have them. Probably your grandmother did not need to work and her family got along fine. Now both adults are working full time in the household to get by. That is because the middle class is getting squeeze. You just do not see it.
I believe the next downturn starts around the third week of March 2005. Mr Bubbles needed the long term rates to go up today. He did not get the job done, next stop inversion to the yield curve. Inflation is here and the fed is worried and so am I.
Of course, I am a idiot so please make your own decisions.
Just my .02. If you ask my opionion then be ready for it :u. I will be happy to hear your comments and your side also.