What Happens When Baby Boomers Start Retire?

The boom in the United States stock market was unprecedented. So we then hit the bust of that. And many of us at the center of the financial system were thinking, is this going to be the end? Is this the one that blows up the debt bubble? The labor force participation rate peaks a couple of years after all of the baby boomers were in the labor force. Labor force participation rate eventually starts falling after 2000. As people start kind of just falling by the wayside as their jobs are gutted. That's why you can't have zero interest rates or quantitative easing. Because everyone knows if there's too much collateral it becomes valueless. We've learned this from 87 and