There seemed to be a disconnect here. Just because one is a Baby Boomer (i.e., has life experience) that doesn't give one the magic ability to predict the economic future of, really, the entire world. This article takes the tone of a wizened elder bestowing his wealth of knowledge on the younger generation but it's really just another futurist taking potshots on what's to come for the United States.

At this point there are so many people talking of what's 'inevitable' that I'm disinclined to trust anyone who has a prediction range longer than a week.