A Decade of Slow Growth: Why the United States will Face a Decade of Economic Stagnation and Face a L Shaped Recession. 10 Charts and Pictures as to Why This will Occur.
Given the recent positive reading for GDP, some are now doubting that we will even face a recession. This of course is a misnomer and most average Americans realize that our country finds itself in a very tenuous situation. It is very easy to brush off the current talk of economic malaise as simply another business cycle unwinding yet this time there are many fundamental circumstances that simply make this situation a very unique beast.
As baby boomers reach retirement age it could not have happened at a worse time. The economy is on the brink of recession and we are going to face the largest entitlement program drain on our system ever. Social Security was never devised as a retirement or pension program but a large portion of our elderly depend on this income. There is a baby-boomer age-wave theory proposed by economist Harry Dent that views a peak in […]
Original post by drhousingbubble
