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Buzz Words Buzzwords: Boomernomics & Age Wave Theory
Buzz Words Buzzwords: Boomernomics & Age Wave Theory
| Buzzwords: Boomernomics & Age Wave Theory |
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| Written by Han |
| Sunday, 13 July 2008 09:33 |
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Boomernomics An investing strategy that involves buying equities directly related to the spending behavior of baby boomers (people born between 1946 and 1964). Areas such as biotech, healthcare and luxury cars are the kinds of companies that stand to benefit from this age group. People using the boomernomics investing strategy also invest in companies that offer products such as motor homes or dentures, which are geared toward aging or retiring consumers. Baby Boomer Age Wave Theory An economic theory popularized by economist and writer Harry Dent, who concludes that the U.S. and other European markets will peak between 2008 and 2012. This is based on Dent's finding that a human's consumer spending habits peak by age 50; therefore, as the baby boomer generation reaches this age, the economy may be approaching a peak in consumer spending and in the markets. Because American soldiers returned from WWII earlier than European soldiers, the theory concludes that markets in the U.S. will peak around 2008, while European markets will peak around 2012. Assuming that the theory's predictions are accurate, some expect this to have wide-ranging implications. In addition, when baby boomers retire, this could cause spikes in unemployment and decreases in the housing market as aging baby boomers spend less. Others believe that the influx of immigration will help stave off these effects in the United States. |
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The Presidential election was too close to call. Neither the Republican candidate nor the Democratic candidate had enough votes to win. There was much talk about ballot recounting, court challenges, etc., nightmares that went back to the Bush /Gore Election, but a week-long ice fishing competition seemed the sportsmanlike way to settle things. The candidate that caught the most fish at the end of the week would win the election. |
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