We found an editorial in the usually gentlemanly Financial Times that was downright caustic.  We don’t usually comment on angry rants, but this one is somewhat instructive in that it could be a sign of things to come.  

We have heard about “generational warfare” for decades now, but now, in the wake of the worst bear market and recession since the Great Depression, it might finally be upon us.  The Baby Boomers have always had charmed lives of sorts.  Born into the affluent, suburban, post-war America of the 1940s and 50s, they were spoiled practically from birth with a sense of entitlement.  

Despite their size as a generation — the largest in history — as a group they have many of the characteristics of only children, such as a predisposition to self-indulgence and a deep belief that they are (and should be!) the center of attention.  Read the rest of this entry »