I’m at my happiest when I have a good idea and I’m drawing it well, and it comes out well and somebody laughs at it.
– Charles M. Schulz
When people retire, their income drops much more sharply than their consumption. As a result, they stop saving and start drawing down the assets they’ve acquired during their high-saving years. That could start to put upward pressure on interest rates and downward pressure on stock prices.
– Greg Ip