Greatest wealth transfer of all time... (spot the problem)

Overnight said:
The generation of no and all genders at the same time, real or imagined.
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Seriously, I wouldn't know what to do if I had a kid (boy) who wanted to look like Britney Spears. We live in some really effed up times.

I’ve Spent $100,000 To Look Like Britney Spears | HOOKED ON THE LOOK

 
unconventional wisdom said:
to me the problem is that the $68 trillion is not sitting in cash ready to be transferred. the majority of the wealth is likely in housing, followed by stocks and bonds. so, assuming for every sale there needs to be a buyer, who's buying all the assets for $68 trillion? now i know, not every boomer will sell at the same time- but that is still a lot of selling pressure to consider.
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The problem is how this wealth was created. The whole QE infinity, balance sheet, MBS ponzi is falling apart, and rapidly. The vast majority is paper wealth and is very quickly becoming illiquid -- stocks, bonds, corp debt, RE etc. This is why Yellen and co are so desperate to start a new (treasury side) QE program for the long bond (MBS on hold while CPI prints hot). Wall street is howling for Yellen to start a new "treasury buyback program" because the Feds hands are tied. If treasury goes nuclear with infinite buy backs, this is defacto yield curve control and we have gone full banana.
 
Real Money said:
The problem is how this wealth was created. The whole QE infinity, balance sheet, MBS ponzi is falling apart, and rapidly. The vast majority is paper wealth and is very quickly becoming illiquid -- stocks, bonds, corp debt, RE etc. This is why Yellen and co are so desperate to start a new (treasury side) QE program for the long bond (MBS on hold while CPI prints hot). Wall street is howling for Yellen to start a new "treasury buyback program" because the Feds hands are tied. If treasury goes nuclear with infinite buy backs, this is defacto yield curve control and we have gone full banana.
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Ponzi schemes will work as long as there are fools to dupe, and there are plenty.

Anyway, George Gammon mentioned this earlier, which I thought interesting: The birth of TREASURY RESERVE.

 
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