Consumer tastes are changing at a greater rate than ever before. Not surprisingly, the purchasing habits of the youngest generation present the most dramatic shifts -- a reflection of what they find important. 24/7 Wall St.
Millennials' eating habits have been a driving force behind the movement toward fresh, healthy and natural foods in the U.S. Now researchers are finding that their younger brothers and sisters — known as Generation Z — may be even more inclined to eat healthy.
That is pretty much the call from Meredith Whitney who sees Wall Street firms reducing head count by 15%. Should we listen to her? For now she is one for two on big calls; right on banks and wrong (or early??) on muni bonds.
The FinReg conversation tends to go something like this: Reformers propose to bring some new product, like derivative swaps, into the same regulatory and trading process that has worked for everything else. Banks start screaming that reformers don't understand their business and this'll be the end of credit in the economy and these reforms will end the crucially important delta-hedge-to-triple-axle trade, and you wouldn't want to do that, right?
Responding to a long, thoughtful article in last Sunday's New York Times about the predicament of America's next generation of retirees, a reader from Minneapolis named Patrick cut to the chase: "I'm a Gen Xer. None of my siblings or friends save a dime."