Generation Bubble

Death Cab for Booty: Wall Street Dead Set on Its Latest Investment Vehicle

In an economy based on traffic in life settlements and the derivative instruments spun off from them, centenarians would be as reviled as smokers are now, while smokers would become media darlings. The biggest loser would no longer be the fatso who sweats off pounds for a television audience, but the investor whose bond value rides on that fatso’s never getting off the couch. I can imagine the monthly magazine of the American Association of Retired Persons (AARP) printing vouchers for Wild Turkey, Big Macs and Haagen-Dazs, while featuring a curiously high number of articles encouraging its subscribers to take up extreme sports.