BoomerVille: Greenland Effect and Maybe We're No Longer Sitting Pretty

Actual markets are down in Europe. And futures here in the US are also down, although the markets are closed today for Martin Luther King Jr. Day. The Wall Street Journal posits that those downward trajectories are driven by the Trump administration's aggressive stance on Greenland.

Meanwhile, we Boomers obsessed with our nest-egg investments have to wait until tomorrow to size up what the geopolitical chaos will do to our financial security. So far there seemed to be an unbundling between what was happening in world politics and the American economy. The bull market was holding up. Since our income, as with younger generations, wasn't primarily tied to jobs we are insulated from the no-hiring catastrophe.

Now we might no longer be sitting pretty. Already I had asked my financial advisor how much of a percentage of a drop in my account could happen in a crash. Like so many other Boomers I have learned never to become comfortable in a bout of good fortune. We may be The Lucky Generation. But we still have been through the wringer.



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