4 ms·
A recession is coming in the next 2-3 years due to demographics (peak baby boomer retiree is happening right around now). I think part of the housing boom is c
by fouc 8y ago
A recession is coming in the next 2-3 years due to demographics (peak baby boomer retiree is happening right around now). I think part of the housing boom is caused by the retirees.
- pessimizer 8y agoHow? Retirees aren't buying houses, they're selling them.
- Latteland 8y agoA recession is due for lots of reasons, like the boom has continued this long because we juiced the economy with a bunch of tax cuts for rich people and companies that are basically a sugar high. At least since we raised interest rates we'll be able to cut them to stimulate the economy. On top of that sugar high we are pushing it down with stupid tariffs on most of our major allies. And growth periods in our history don't usually run this far. I think our future growth in the us will be significantly retarded because of high student loan debt. That gets some attention here at hacker news, but I don't see 'regular people' talking about it much.