Harry Dent is correct that Baby Boomers are spending less. However, they are no longer the driving force of our consumer economy. What he fails to mention is the fact that huge money is coming from India, China and the Middle East. A wealthy gentlemen in our community just bought ten house and they are vacant. His kids spend some time during the summer months there. The old Baby Boomer theory is done! New money coming in every day!
Those men you mention are way too negative. IBM will continue to grow. Wake me in 2015!