With Baby boomers retiring and cashing in super over the next 10 years the majority will be avoiding the share market like the plague.
I remember reading some where in the vicinity of 14 billion in the comming year and increasing every year after that.
The cashed up boomers face low interest rates, have had a generation of "bricks and motar" security embedded into their psyci.
To add to this the lowest interest rates since 1960 with more cuts to come to entice the general population. Then add to this the accelerated rate that existing home byers are paying down home loans.
To state the abvious is an under statement. To deny the goverment will do what ever it takes to encourage growth.
Our nation debt to gdp is approx 25% Our unemployment rate less than 6% Our interest rates at levels not seen since the 60's. Baby Boomers cashing in super with a bricks and motar psyci. The dollar on the way down allowing industry to compete more affectively.
