3 ms·
That was the way in the days of negative interest rates, and cheap and easy money. We are headed for the greatest contraction of capital since the great depress
by kneebonian 4y ago
That was the way in the days of negative interest rates, and cheap and easy money. We are headed for the greatest contraction of capital since the great depression soon[1], and that will no longer occur.
1. According to Zeihan, who points out that with the retirement of the boomers their 401k accounts that have been funding all this money are going to get cashed out and withdrawn, reducing the amount of money for lending, leading to an overall capital contraction.