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International
investment opportunities are best when we spot important
trends.
Yesterday’s
message looked at truthiness and a quote from Michael
Adams, a professor at North Carolina State University who specializes
in lexicology. He said "truthiness" means "truthy,
not facty.
"The
national argument right now is, one, who's got the truth
and, two,
who's got the facts," he said. "Until we can manage
to get the two of
them back together again, we're not going make much progress."
This leads us to what could be a huge socio-economic change.
For
many years, boomers have not been such big participants as
the GI
Generation in social and fraternal organizations such as Elks,
Rotary
and such. Even AARP, the huge organization for adults
over 50 is
suffering from dwindling numbers.
One
market study suggests that Boomers have a greater belief
in
government entitlements and a lesser belief in personal obligations
than the previous GI Generation. As Boomers now
replace the GI
Generation as the mature leaders there could be a shift in
how the
wealthy give back.
Boomers
do give but in different ways. They have created
individualistic ways of giving. These studies suggest
that Boomers
give even more than previous generations.
This
gives us a clue as to how Boomers are reacting to the cynicism
that comes from truthiness. They mistrust many of the
main social
institutions including charity and giving through institutions,
but
that their belief in charity remains strong and growing. If
these
studies are correct, then America still believes in happy endings
but
wants to eliminate the middle man who might stand in the way
of the
sympathetic character and the worthwhile goal. Boomers may
prefer to
create the happy ending direct.
Look
for how this affects wealth distribution and cash flows. Seeing
the change could improve your business and investing. I
hope so because
that could create happy endings for you!
Gary
P.S.
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