Fed Economists: There is a 15-year Bear Market Ahead

Equities will be 20% higher than 2010, but these implications will not be felt until 2030.
Feds from San Francisco came out with a research paper, relating the baby boomers and stock prices. It is said that the boomers will divest on stocks, as they retire and eat into their savings. The authors of the research paper, Zheng Liu and Mark M. Spiegel, tried to quantify the implications.
What are their principal conclusions? Hit the break to know more.
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