5 ms·

I just meant economics since the article is about the global economy. I agree there is a large amount of division and political risk in the US. Edit: but stil

• phillipcarter 8y ago
  There seems to be considerable feelings I read online that "economics" as you cite are a bit of a house of cards right now. The disproportion of increased income for _most_ people in the world compared with wealth is at the heart of it. More concretely, home buying is a cornerstone of the American economic system, but a combination of income stagnation, student loan debt, and absurd overpricing nationwide has priced out much of the "millennial" demographic. In my local area, shoddy houses are going for $700k, but nobody approaching 30 is buying anything. That sort of thing just isn't sustainable. And this is from the point of view of having a good tech income, which is a bubble.
  • germinalphrase 8y ago
    We have an entire generation that is ecstatic about rising house prices (and actively work to protect them) as they intend to retire on the eventual sale of their house. It’s going to be interesting if millennials just... don’t buy.
    • zepto 8y ago
      How will that be interesting? They’ll still be valuable as rental units that get sold to investors.