--- Gautam Mukunda <[EMAIL PROTECTED]> wrote: > --- Erik Reuter <[EMAIL PROTECTED]> wrote: > > America's demographics aren't so hot either, just > > not as bad as > > Europe's. But that isn't anything to be happy > about. > > As William > > Bernstein puts it, a lot of retired Americans may > be > > eating Alpo in 20 > > years. Probably a lot of people won't be able to > > retire. > > > > http://www.efficientfrontier.com/ef/103/hell4.html
I should add one more thing - I've looked at the article, and I don't agree, but the data I'm basing that disagreement on is largely proprietary (not to my company) so I can't use it in this discussion :-( If you wait <> 1 year, there will be some articles and maybe a book in the mass media that discuss it some more. Look for my name very, very, very, very deep in the footnotes. But I would point you towards: http://www.deam-europe.com/pension_reforms/documents/demographics_30october2000.pdf and http://www.ced.uab.es/jperez/PDFs/GoldmanSachs.pdf Both of which are very good on the capital market implications. ===== Gautam Mukunda [EMAIL PROTECTED] "Freedom is not free" http://www.mukunda.blogspot.com __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
