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This is a story that's been told since the dawn of time, The future generations are fucked, the good old days are gone. Just cos some interns at an investment
by Flatcircle 5y ago
This is a story that's been told since the dawn of time, The future generations are fucked, the good old days are gone.
Just cos some interns at an investment bank wrote a brief, speculating about future stock returns doesn't mean an entire generation is doomed. JFC.
- lumost 5y agoThere is a hypothesis that interest rates naturally fall as wealth becomes more concentrated. Effectively those with money become the only possible consumer, and their consumer needs are bounded. It's plausible that the current low interest environment is capping future ROI and stock returns.
- jrsj 5y agoJust because things have tended to get better the last century or so doesn’t mean it’s going to continue. Leaving behind wealth for future generations used to be a significant priority; now many people are barely interested in having a family at all. Some of those that do still decide they’d rather get a second mortgage to buy a boat than leave a paid off home for their kids. Predatory corporations liquidate the assets of the elderly when they’re deemed no longer competent by the state. None of those things by themselves is enough to sink things, but those things together combined with broader financial trends (seemingly permanently low interest rates + skyrocketing housing costs as others have mentioned) don’t exactly paint a good picture at least for a large portion of the working class.