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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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I've suspected this for some time but haven't obtained any quantitative data to support my suspicions. The "armchair quarterback" analysis is that our parents' generation spent like drunken sailors, ran up prices (or values, depending on one's point of view) by embracing wanton consumption, changed us from a nation of savers/investors (our grandparents' generation) to a nation of takers/consumers and largely passed the debt and negative implications of the reckless consumption onto their kids (us). Nothing that hasn't been said a million times.
Not to worry though, payback is a beyatch and pretty soon the offenders will become too old/infirm to care for themselves and our generation will be able to screw them back the same way they screwed us (and our children) by saying "sorry, there's not enough money to support that".
It's cyclical. Expect a major crash/recession/depression in the up-and-coming generation, followed by a generation of frugal savers, followed by another generation of reckless consumers. That's just my prediction though.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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