Rich Dad’s Prophecy
By Robert Kiyosaki
A work about a coming stock market crash said to come about as a result of retiring Baby Boomers liquidating their retirement plans. According to Kiyosaki, the tremendous stock boom from 1982 to 2000 came as a direct result of the 76 million Baby Boomers flooding the stock market with investment capital. This process is a simple example of supply and demand -in this case extremely high demand for stocks. Much of this stock is held within pension, IRA and 401k type retirement plans.