Changing demographics are one of the key factors I speak of, as America enters its worst-ever economic, social and political era. One of the several factors the “Don’t Worry, Be Happy” crowd (that makes up most of the financial services industry) is totally unprepared for is “Peak Savings”.
Shhh!!! The most hated “investment” is outperforming the most loved (stocks and bonds). I concur with this outlook (and why my personal holdings are mostly gold, two, metals related equities, and cash – there goes my invite to the “Don’t Worry, Be Happy” crowd parties).