Posted By RichC on July 31, 2012
This morning on CNBC there was a discussion about the long term changes that investors and savers are looking at without the growth potential of the past. We are in a new high debt world and the workforce is growing far slower than in the past. Robert Arnott discussed the expected returns we’ve all been taught and is pretty convincing in just how underfunded pension, etc have become. Considering retirees and senior citizens don’t have the large workforce as did previous generations, I do see reasons to worry. The future may have more in common with the past ten years than the gains we saw in the last half of the 20th century.
CNBC – Robert Arnott – July 31, 2012