The Future of the Baby Boomer

The oldest baby boomer entering the pea current years in 1981. The second thing is you're going to start from this incredibly high level of base rates, fed funds rate 18 to 20% at that time. That baby boomer doesn't know it, but they're going to ride 20 years of declining rates and inflation. And obviously that's a massive driver evaluation, market returns, real estate equities, et cetera,. bond returns, everything. Third is going to be massive globalization. So December of last year was the 40-year anniversary of Deng Xiaoping's for modernization speech. It's basically the beginnings of China's the world's factory floor; then ultimately it's