To Stay or Leave?
Posted on 5/14/2012 by Don Creech
Yes, that is the question that will impact the future of the USA and of the Euro Zone.
Domestically, the Y-generation would normally be moving out of their parents' home into their own apartment and later a single family house. Predictably, it is to be a much delayed event caused by our current economic malaise.
In Europe, a decision of international impact lies before Greece and Germany as the voters are turning their backs on austerity programs.
The commonality of the situations is the lack of consumers in the economies. After the Boomers, the USA and Euope had a baby bust which leads predictably to fewer families and fewer consumers. Fortunately, the USA has another baby boom in the making that will drive economic recovery and growth in the next decade. For now we face a major unemployment headwinds as demographics drives our economy. Read More