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If you listen to Peter Zeihan at all, you know this was all predictable 20+ years ago, all you had to do is look at US demographics. Now that us boomers are ret
by mikewarot 3y ago
If you listen to Peter Zeihan at all, you know this was all predictable 20+ years ago, all you had to do is look at US demographics. Now that us boomers are retiring or like me, were yeeted out of the labor market due to long covid... our risk appetite has dropped to zero, and we're tightening our belts as much as we can.
Interest rates will be above the historic normal for a generation. The era of huge trucks that guzzle fuel is over. We're in a similar situation as after the Oil Shock of the 1970s. Smaller, less expensive cars will become the normal.