The Ever Shrinking Stock Market

January 2008. The piper has come to be paid and our elected officials are still too busy lining their own pockets to worry about promises made in the past. There is no longer any method of taxing a solution into place. Social Security is about to go bankrupt from a double whammy. The news only talked about the first whammy. They never bothered to look at the second whammy. The second whammy was the knock out punch.

January 2008. Stock market opens the New Year with a plunge. Lots of people try to write it off to vacations and other holiday excesses. It’s not. Small rally from bargain hunters on the second day of trading keeps people blissfully ignorant.

January 2008. The first wave of Baby Boomers is forced to take mandatory distributions from their retirement accounts and start drawing on Social Security. The light switch has now flicked. The generations after the baby boomers are smaller in number, earning less, and carrying debt rather than investing. The Visa/MasterCard way of life has finally come home to roost.

January 2008. For the first time in history, the outbound spigot became larger than the inbound spigot. Mutual funds will now shrink in total dollars managed. Some funds will grow in size and value, but only by eating their young and the young of others.

January 2008. When Congress and the stock market finally ran out of time.

Roland Hughes started his IT career in the early 1980s. He quickly became a consultant and president of Logikal Solutions, a software consulting firm specializing in OpenVMS application and C++/Qt touchscreen/embedded Linux development. Early in his career he became involved in what is now called cross platform development. Given the dearth of useful books on the subject he ventured into the world of professional author in 1995 writing the first of the "Zinc It!" book series for John Gordon Burke Publisher, Inc. A decade later he released a massive (nearly 800 pages) tome "The Minimum You Need to Know to Be an OpenVMS Application Developer" which tried to encapsulate the essential skills gained over what was nearly a 20 year career at that point. From there "The Minimum You Need to Know" book series was born. Three years later he wrote his first novel "Infinite Exposure" which got much notice from people involved in the banking and financial security worlds. Some of the attacks predicted in that book have since come to pass. While it was not originally intended to be a trilogy, it became the first book of "The Earth That Was" trilogy: Infinite Exposure Lesedi - The Greatest Lie Ever Told John Smith - Last Known Survivor of the Microsoft Wars When he is not consulting Roland Hughes posts about technology and sometimes politics on his blog. He also has regularly scheduled Sunday posts appearing on the Interesting Authors blog.