John Mauldin's look at the book:
http://www.frontlinethoughts.com/printarticle.asp?id=mwo040204
Sobering.
g
http://www.frontlinethoughts.com/printarticle.asp?id=mwo040204
Sobering.
g
The Coming Generational Storm
- Thread starter ges
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The growing elderly part of the population and the rising expenses they require - they live longer as well, is something most european countries now are trying to do something with. It's extremely unpopular - just see reports of protests all over europe this last weekend. In France, Chirac will be using the waivering prime and finance ministers as scapegoats for the much needed reforms.
It seems some parts of how welfare and pension systems are financed must be thought over again, but no politician likes to touch this subject as there is no clear solution which at the same time is painless. So many seem to just ignore the issue, until someone has to do something.
A global conflict would perhaps reduce the burden somewhat ... (ironic)
It seems some parts of how welfare and pension systems are financed must be thought over again, but no politician likes to touch this subject as there is no clear solution which at the same time is painless. So many seem to just ignore the issue, until someone has to do something.
A global conflict would perhaps reduce the burden somewhat ... (ironic)
I completely respect and admire all of John Mauldins work. I get his weekly email and am going to here him speak at the MoneyShow in Las Vegas coming up in May (I think). I will be reading his Sunday night commentary today on the BART ride home.
Good to see other peeps here enjoying his commentary.
rttrader1 -