Author Topic: Economics is an exact science , like Weatherforcasting  (Read 822 times)

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Plane

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Economics is an exact science , like Weatherforcasting
« on: March 23, 2007, 08:05:13 PM »
I believe the bubble is going to get worse before it explodes. Here's why, and what it means for retirement saving for you and me.
By Jim Jubak
http://articles.moneycentral.msn.com/Investing/JubaksJournal/WhyTheDebtBubbleHasntBurstYet.aspx
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To understand why the bubble isn't over and why it will have such a long life, look not to Wall Street but to the thousands of state capitals, city halls, insurance companies and retirement funds around the world -- in short, anyone who is trying to manage money now for the huge increase in retirees that an aging world is about to witness. It's places like these that are providing the hot gases that will keep the debt bubble growing.