That “booming” stock market might not be the “boom” “Boomers” think their ears are hearing. CCN takes a look from a boomingly bearish view:
The stock market risks an epic collapse as Baby Boomers cash out their wealth from decades of equities growth Author: For decades, Baby Boomers fueled a bullish stock market – but it may come crashing down.
Boomers have accumulated the “most disproportionate wealth in all recorded history” through the stock market and property. As they exit for retirement, we’re sleepwalking into a crisis, argues former hedge fund manager Raoul Pal. Readjust your retirement expectations or look to bonds, emerging markets, and cryptocurrencies for an alternative. The stock markets are seemingly every week right now. It’s a bubble. The biggest one in history, pumped up by the insane wealth of Baby Boomers over the last 30 years.
That’s the view of former hedge fund manager Raoul Pal. In his latest , he warned that Boomers are sleepwalking into a retirement crisis they created. Baby boomers created their wealth – the most disproportionate wealth in all recorded history – and they’re probably going to destroy it too. Baby Boomers were fortunate enough to hit their peak earning years during one of America’s greatest economic cycles. They earned good money and started saving. That money soon began to inflate the stock market. Those savings went into the stock market. First via their corporate pension plans. And then by the advent of the 401(K)s and the rise of indexation. What that did was create one of the largest equity booms the world has ever seen. Boomers also […]