Originally Posted by
forgot to bid
The D word is being bandied about in various corners of the economy right now thus there is absolutely no incentive to retire early.
The D word is always being discussed. Folks make a good living talking about how no one can make a good living.
I expect the opposite. If anyone remembers the really ugly 70's we had high unemployment, interest rates got into the 17% range and lines at the fuel pumps. In their garages and college dorm rooms brilliant men created new business which are household words today.
The Fed is in a corner. It's own exposure to real estate results in a situation where it could be wiped out on the assets it holds. It can not stand deflation. The only way out is inflation.
Inflation will lower ours (and everyone else's) pay in real terms. As for retirement, it is a net neutral depending on their ability to manage and employ the assets they have. Some of the f-NWA pilots have large enough portfolios to make full time management a worth while effort.