The Problem With a Really Tiny Tent

http://www.ritholtz.com/blog/2012/11/the-problem-with-a-really-tiny-tent/

“In the meantime, here’s the thing: If guys like O’Reilly, or Jack Welch, Donald Trump, Sheldon Adelson, the Koch Brothers, et. al., had a demographer in their employ some 15 or so years ago (probably even earlier), none of what has transpired would have come as a surprise to them.

In fact, they didn’t even need a demographer. All they needed to do was read this 1996 report (third from bottom) from Census, some of the highlights of which foretold our current situation and, in fact, what is yet to come. (I hope to check the 1996 forecasts against where we actually are today, which should be an interesting exercise, and which will also give me some idea of what we can expect in the years to come.)”