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I don't know if there is reason to be either optimistic or pessimistic, but let's not be simplistic. The long run is incredibly hard to predict, with all the c
by ramblerman 11y ago
I don't know if there is reason to be either optimistic or pessimistic, but let's not be simplistic.
The long run is incredibly hard to predict, with all the cool tech around the corner and scientific advances that may be available in 30-50 years, the stock market may simply not be a big factor in most people's lives.
Maybe that is the worst fear of a company like Bloomberg that exists to be the ESPN of financial randomness.
- pj_mukh 11y agoTruth. All this 'animal spirits' behaviour of the public markets ranges from nonsensical to counter-productive. Need other vessels of investment.
- pascalxus 11y agoThose cool tech and scientific discoveries won't help you when you get kicked out of your house for not paying your mortgage or property taxes. The biggest problems society faces aren't technological: they're political.