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Who am I to question the author, but his premise is based in part on savings rate being negative, and savings rate does NOT include 401k and similar deposits (which are pre-tax).
I do think there are many bubbles happening.
Weak dollar is the biggest, this caused a commodities bubble which caused an oil bubble in particular.
Keep saving and your standard of living will not be an issue. -
This reminded me of your other post, scrimpandsave. The one about keeping up with the Joneses. This is how all of your friends were/are doing it!Comment
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Snave...I think you are right.Comment
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