Economy: Boomers saved too much for retirement but … a silver lining
"Boomers" over saved for retirement and now have resources to spend, which may help keep the economy humming as we near recession territory.
Automation: “Rethinking the Luddites in the Age of AI”
Writer suggests Luddites should have sought tax on machine made fabric. How about a tax on words written on word processors?
Economy: Most home buyers put down 6%-7% for a down payment
The typical home buyer today puts forth a down payment of 6%-7%, not the 20% that was typical of the past.
Economy: 60% living paycheck to paycheck
"60% living pay check to paycheck" is about the same % as this has always been, year after year.
Climate: “83 percent of home shoppers consider climate risk”
Wild - the average duration of home ownership is 16 years. Most people move around a bit.
Climate: We need carbon taxes, congestion charges and eliminate all polluting vehicles
The co-authors said that this distrust in climate science is one of the challenges to the successful implementation of climate action policies, such as climate change taxes (carbon taxes), congestion…
Economy: “Four in ten under-30s rely on family money to cover their down payment on a property”
Only example given turns out to be an economist with an $800,000 list price education, who got assistance buying a house after graduation. Hmmmmm.
Demographics: Economists want more inbound immigration to the U.S.
Economists, as usual, propose more immigration to address labor issues in the U.S. Problem is that 75% of world's countries have declining populations.
Follow up: Everything will change on August 23d
CNBC and other sites have, for months, been showing an ad with a photo of Marc Chaikin saying everything changes on August 23d. If you click through you go to…