[AMRadio] BAs and Baby Boomers

[Brett Gazdzinski]

I got rid of all the old stuff, I did not find most
of it well made, good sounding, or user friendly.
The only things I have left are the 32V3 transmitters.
The rest is home brew, and likely only worth the parts its made out of.

Brett
N2DTS

> -----Original Message-----
> From: amradio-admin at mailman.qth.net
> [mailto:amradio-admin at mailman.qth.net]On Behalf Of Mark Foltarz
> Sent: Tuesday, April 13, 2004 12:01 PM
> To: amradio at mailman.qth.net
> Subject: Re: [AMRadio] BAs and Baby Boomers
> 
> 
> Ummm, there are  some of us who collect & operate this stuff 
> just because we
> like it ...HI
> 
> de KA4JVY
> Mark
> 
> 
> --- Merz Donald S <merz.ds at mellon.com> wrote:
> > Q: What do baby boomers have to do with boatanchors?
> > A: Anything, and -- not to put too fine a point on it, everything. 
> > 
> > Let me explain.
> > 
> > A baby boomer is a person born between the years of 1946 
> and 1964. Every
> > country on Earth has a significant baby boomer generation. 
> In the USA, the
> > baby boom generation is over 26% of the population. The 
> current aggregate
> > income of USA baby boomers is $4.1 trillion. They (we) use 
> this income to
> > account for 40% of total demand and almost 50% of all 
> discretionary spending.
> > Boomers hold 80% of the cash and 79% of all the assets that 
> exist--including
> > --ta-da-- boatanchors.
> > 
> > So what? Well, 46 + 65 = 2011. The boomers are retiring 
> soon. Actually, due
> > to early retirements and other factors, significant 
> increases in retirements
> > will begin between 2006 and 2008. By 2011, retirement-mania 
> will be in full
> > swing. Sometime shortly thereafter, "the largest wealth 
> transfer in history"
> > begins to take place. A minimum of $41 TRILLION will begin 
> transferring "from
> > parents to children and from philanthropists to charities."
> > 
> > Economists only have this figured out in the broadest 
> terms. But sometime
> > between 2011 and 2021, the baby boomers will become what is 
> called "net
> > sellers of investments". That means that you and I will unload more
> > boatanchors than we buy. Economists disagree about what 
> this means for the
> > financial markets. The gloomy ones say that this will usher 
> in a "structural
> > bear market that could last throughout much of the second 
> quarter of the 21st
> > Century." But let's deal with boatanchors here.
> > 
> > I changed the wording in the paragraph below to say 
> "boatanchors" everywhere
> > it used to say "financial holdings". But this is from an 
> insurance industry
> > report:
> > 
> > "At first, the older Boomers will begin selling some of 
> their BAs, but the
> > sales will be absorbed rather easily by the larger number 
> of younger Boomers
> > who are still eagerly buying. Eventually, though, even the 
> middle and
> > younger-aged Boomers will want to liquidate some of their 
> boatanchors. Who
> > can they sell to? The only options seem to be the much 
> smaller and more
> > financially pressed "Generation X" that grew up in the 
> shadow of the boom, or
> > the potentially larger and more promising market of buyers 
> from overseas."
> > 
> > This is why you and me have anything and everything to do 
> with boatanchors.
> > We own practically all of them. And we all need to get rid 
> of them over the
> > next 15 to 25 years. Worse, the only market we have for 
> them is "much smaller
> > and financially pressed". 
> > 
> > A word to the wise should be sufficient. Keep your 
> collection in touch with
> > the demographics and the concepts of supply and demand. BAs 
> are fun. But they
> > are not good long term investments. It's just that simple.
> > 
> > Since no one is going to want them, I am planning to be buried with
> > mine--like the ancient Egyptian mummies with their cats.
> > 
> > 73, Don Merz, N3RHT
> > 
> > Quotes are from various insurance industry reports on the 
> web and the World
> > Future Society. 
> >   
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