"Betting on the Market" 1997 PBS Frontline, clip 4 of 4.
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Kinda weird watching this now X3. After the initial dust from the crash has settled and we can see just how screwed much of the world really is.
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the guy @ 4:30 its predicting the next 20yrs of the USA. baby boomers will withdraw from their retirements, stock will be sold for years, slowly falling. We are Japan.
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chilling.
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Yes that was downright eerie. Only now boomers also have to deal with the fact that they cannot sell their home for a profit and live off the proceeds.
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quote from the 4th part:
"What would happen...
if we had a sustained bear market...
after all the baby boomers had retired."
That's exactly what's coming.
Thanks for the upload!
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Kramer reminds me of "Doc" in Back to the Future
jbryant13 3 years ago 8
Thank you for posting this! Really spooky given what is happening in the financial and real estate markets right now.
alinaustin 3 years ago