Locator: 52047GENX.
Locator: 52047GREATWEALTHTRANSFER.
Fed rate: left unchanged.
- the Fed says it needs more data
- fewer dissenters than expected (only two dissenters)
- economy growing more stronger than previously reported by the Fed based on subtle language
- "solid" vs "strong" -- used the new word "strong" replacing the word "solid"
- GDP will be released tomorrow -- the advance estimate for 3Q26 -- 3.1% to 3.4% expected
- the market today: minimal to no reaction
- the 10-year Treasury moved slightly -- very sightly upward -- taking it again, very slightly above 5%
- Steve Liesman: has only one tool in his toolbox -- a hammer (the Fed rate)
WTI -- OilPrice: $103.50.
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Generation X: Retirement Planning
Link here. USA Today. Generation x: born 1965 - 1980, currently 46 to 61 years old.
- Gen X retires:
- irst to retire, age 65, in four years: 2030 or thereabouts:
- last to retire, ag 65, in 19 years; in 2045 or thereabouts.
- the article: a piece of fluff
- appears to reflect the "feelings" of a young journalist
- if written by AI, simply repeats the well-known memes
- the old canard: social security "won't be there"
- unless I missed it, no mention of the Intergenerational Transfer of Wealth ("The Great Wealth Transfer"): see this link:
- this transfer has already begun
- will peak between 2036 and 2044
From that link:
Generation X: 70 million.
- at the low end -- $20 trillion / 70 million = $300,000 per individual
