2006-09-12 07:13:15 · 5 answers · asked by nada_1992_m 1 in Business & Finance ➔ Personal Finance
Babyboomers nearing retirement.
2006-09-12 07:16:32 · answer #1 · answered by Wilson Wilson 3 · 0⤊ 0⤋
A lot of it had to do with the breakdown of Glass-Steagle. Even though the act wasn't repealed until a few years later, it was weakened in the 1980s and again in the 1990s.
This allowed commercial banks to start a merger mania and to cross over into Investment banking. When you combine this with a Democratic administration (academic studies show the stock market does 7% to 9% better when Democrats are in office), the spread of IRAs and 401-Ks and then throw in the Baby Boom entering their saving years -- you get a large demand for financial services.
2006-09-12 07:23:37 · answer #2 · answered by Ranto 7 · 0⤊ 0⤋
YOU ARE IN 1998.
This is 2006 shortly ending.
Population increase,so demand by all.
NOW EVERY OTHER GUY IS A FINANCIAL SERVICE GUY.
2006-09-12 07:20:32 · answer #3 · answered by SKG R 6 · 0⤊ 0⤋
Many Reasons.
Biggest Reason......Stock Prices only went one way.........Up.....Straight UP for 9 1/4 Years.
2006-09-12 07:40:20 · answer #4 · answered by Joe the Expert 2 · 0⤊ 0⤋
Frivolous lawsuits on doctors for so called wrongful death practices is the new car accident.
2006-09-12 07:15:24 · answer #5 · answered by Bistro 7 · 0⤊ 0⤋