The Four Most Important Market Indicators (with Josh and Tom Lee)
The Compound and Friends
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The Future of the United States
The 30- to 50-year-old is having children buying a home and earning toward their peak, if not at their peak. That cohort is the only cohort driving credit card spending growth in any year. Boomers are actually, older people are actually cutting down their spending. And then when you look at urban institute data, leverage per person rises from age 20 to 50. So that group is really driving the credit impulse and it's the GDP multiplier of the economy.
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