Posts filed under “Research”
I never really liked the classic definition of boomers as those born 1946 to 1964. Its overbroad, and well, wrong. That age cohort should really end in 1959.
I see why they Demographers made up that range — its so there is a seamless, artificial flow right into to the Gen X group, born 1965 to 1984.
Only its not. Yet another model succumbing to the hard reality of George Box.
Anyone born between 1960-65 are inbetweeners. They are not definitely not boomers, as they were born after all of the classic baby boomer experiences. They are cultural different. They also have spent most of their lives following the messes made by the Worst Generation, either paying for them or cleaning them up.
And this small group is too early for Gen X. (e.g., Think of anyone you know born in 1964 — they and their cohorts / peers are nothing like the boomers or the Gen Xers in either attitude or experience). Authors William Strauss and Neil Howe came closer to correctly identifying Boomers as the cohorts born from 1943 to 1960 (but even that is overbroad).
To correct this error, henceforth, I declare anyone born from 1960 to 1965 “Tweeners.” I hereby decree that you are not a post WW2 Baby-boomer — you were born 20 years after that group started.
Enjoy your AARP card — its coming in the mail.
Youngest Boomers Turn 50 This Year(?)
Two reports from different wirehouses caught my eye yesterday due to their amazing Yin and Yang nature. First up, the always excellent Equity & Quant Strategist at BAML, Savita Subramanian (the Yin), issued a report titled Wall St. Proclaims the Death of Equities. The report discusses the firm’s proprietary sell-side indicator, which has reached near…Read More
Rosenberg, exactly 5 years ago today in May 2007: > click for full report > Invictus here. In my Barron’s Big Money post, I mentioned attending a small dinner in October 2007 at which David Rosenberg was the speaker. In comments, Hamann asked if I could provide any additional insight into what he had shared…Read More
Though the data are always a bit dated, the Fed’s Flow of Funds report is always of interest to me, as it paints fairly comprehensive pictures. My favorite part of the release is Table B.100: Balance Sheet of Households and Nonprofit Organizations, in which much can be gleaned about the health of households in the…Read More
> The folks at the St. Louis Fed – about whom I can’t say enough good things — produce a proprietary Financial Stress Index, a full explanation of which can be found here [PDF]. A full deconstruction of the Index is, frankly, a bit above my pay grade. What’s not, though, is exploring the correlation…Read More
A chart made the rounds last week that purported to prove Nouriel Roubini and David Rosenberg are excellent contrary indicators as relates to the stock market. The chart was simply the S&P500 annotated with alleged market commentary by the pair — bearish at the lows, bullish at the highs. It eventually made its way over to the estimable Doug Kass, who posted it. (Mr. Kass had no part in the chart’s creation, and this is not a quibble with his decision to post it. Further, I’m a big fan of his contrarian style.)
The truth — at least as it relates to Rosie — tells a bit of a different story. In March of 2009 — on the 4th, to be precise — Dave was “looking for reasons to turn bullish” and “believe[d] the stage [was] being set for sentiment to become completely washed out, which is what it takes for contrarians to become constructive.”
Below is a page from his report that day (highlights were made by me three years ago and not for this post):
> The graphic above, via Jon Bruner of Forbes, reflects the enormous American contribution to Arts & Sciences over the past century. What is intriguing is not just that the US has won so many prizes, but that the a third of American Nobels have gone to immigrants to the US: “The United States has…Read More
Herewith a potpourri of unrelated items I’ve found on my never-ending voyage through the internet. Grab a cup of coffee and pull up a chair. Seen This Movie Before First up, an excerpt from a speech given by Teddy Roosevelt in December 1906. I was taken by the opening line and the third paragraph. Indeed,…Read More
The Census Bureau released its annual report on Income, Poverty, and Health Insurance Coverage: 2010 (full PDF) this morning. Barry has posted the slide presentation that staff went through during the conference call over in the Think Tank (please have a look). The (very ugly) bullet points from the release can be found here, and the…Read More
Via Paul Krugman, I’m led to this WaPo piece about the imminent demise of the Statistical Abstract of the United States, which is an invaluable resource for all manner of at-a-glance data. Regardless of one’s ideology or political leanings, I think we can all agree that more information is better, less information not as good,…Read More