Scathing Article on Baby Boomers....for Sleeper to Mull Over

• Footwedge

  Here you go Sleeper. Enjoy! :thumbup::thumbup::thumbup::thumbup: But for a great rebuttle, read the first response at the end of the article. He hits the nail on the head with the passage of NAFTA and CAFTA.
  
  http://www.dailyfinance.com/2012/10/20/thanks-a-lot-for-the-disastrous-economic-legacy-baby-boomers/
• sleeper

  

  Who are the baby boomers? They are now be known as "The Worst Generation".
• gut

  Quietly, I think the fed would like to target 5-6% inflation, for precisely the reasons mentioned. Problem is, with global deflation they try their damnedest and can't move the needle.
  
  Bill Gross was talking about inflating our way out of this mess as early as 2004, and perhaps sooner. John Mauldin (who is somewhat of a schill, but does a good job of summarizing smart people) also started talking then about a decade or more of a "muddle through" economy. Prescient, both of them.
• sleeper

  

  Inflation is the only way out. Unless you really think we are going to have bi-partisan spending cuts and tax increases within the next few years.
  
  I doubt it.
• BoatShoes

  gut;1301604 wrote:Quietly, I think the fed would like to target 5-6% inflation, for precisely the reasons mentioned. Problem is, with global deflation they try their damnedest and can't move the needle.
  
  Bill Gross was talking about inflating our way out of this mess as early as 2004, and perhaps sooner. John Mauldin (who is somewhat of a schill, but does a good job of summarizing smart people) also started talking then about a decade or more of a "muddle through" economy. Prescient, both of them.

  I think that's what the FED should do and have said it throughout our time on here but I disagree in that I do not think most of the players at the FED would like to do that. If you have helicopter Ben of all people afraid of breaching 2% inflation you really think there is a coalition that would like to go well above that??
• O-Trap

  

  Most interesting part, between the article and replies, is the ad.
  
  "Which presidency would ignite an economic boom?
  x Obama
  x Romney"
  
  
  I literally laughed my ass off upon reading that.