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This assumes that the world will continue on a “growth at all cost” model. Despite growing social inequality, and climate change, which seem to be at odds with
by andreilys 7y ago
This assumes that the world will continue on a “growth at all cost” model. Despite growing social inequality, and climate change, which seem to be at odds with a greed is good ethos that expands corporate profits at the cost of the environment and social stability.
This isn’t even mentioning the current market manipulation that central banks are engaging in around the globe to artificially inflate the value of stocks. What happens when we can no longer prop up equities? The consequences may be far worst as we’ve been effectively kicking the can down the road. Eventually the tab arrives and the people left with it will be those who hardly benefited from this historic run-up.
Also “past performance does not indicate future performance”
- beatgammit 7y agoI don't see a reason why it should stop. If environmental problems cause issues making tons of stuff, costs for those items will increase, dropping demand for them and increasing demand for more sustainable things. That's the way the economy goes, and it's bad for business to have a lot of unemployed people. I see no reason to be bearish on equities long term, but I do know that certain industries will run into serious problems, I just don't know which ones that will be necessarily. I buy broad index funds because I'm bullish on the market in general, but not on any particular sector.