/biz/ - Business & Finance

>>24098660

America is also suffering from one of the worst demographic time bombs out there, as the boomer generation retires. American pensions are literal ponzi's. An average 10000 retirements are happening daily, each requiring roughly 50000$ annually to support. 50% of retirees have no money saved and are living off social security. Low interest rates have pushed retirement funds all further out on the risk curve and they've been running off a cliff Wile Coyote style in the stock market. The broad indexes are parabolic charts if I've ever seen one, and we all know what happens next. We kicked the can until theres no more road.

The Boomers also drive the economy as they control most of the wealth, but as they retire there will continue to be massive cutbacks in spending habits. There ought to be a wealth transfer over to millenials and zoomers, but these generations are sandbagged by an incredibly indebted economy, and indebted households from insane car loan bubbles, real estate bubbles, student loan bubbles. As well, the dominance of the USD and rise of globalism has encouraged the outsourcing of middle class jobs and concentrated the wealth to the extremely wealthy. The squeezed middle class also is having fewer and fewer kids, hence leading to the "necessity" of immigration, which I know 4chan loves.

Whether or not China can accomplish it's economic goals I can't say, but I know for sure that on a chart they bottomed in the mid 20th century and have been moving to the top right for 60 years whereas we, the west, are on a trajectory downwards. I'm reminded of that Howard Marks quote that says "Rule number 1: Most things are cyclical."

>>23162718
We're here because we've realised consciously or not that everything is money. All of life is boiled down to money, a stand in for resources, influence, status, and power. Money doesn't buy happiness is a joke and a psyop that works because it's a normie cope. We all know it's not true. Money will buy you the golden road paved to happiness, you just have step into it after.

>>18956447
In case you're actually not a goldman shill.

Don't believe the news that tells you the economy just opens up. We're in a bad spot right now and a ton of small businesses are going to shut down. A LOT of jobs are going to be gone. And this IS NOT THE END OF THE RECESSION. Even if we retrace 100% and head for ATH we're still fucked sometime later this year. This isn't recovery, this is a fucking melt-up. You don't go through recession in 4 months retard. And if you think we're only going through recession cause of covid you're fucked. because we never truly re-balanced after 08;

we kicked the can down the road to 2020 by: inflating the largest corporate debt bubble ever, debt which they used to buyback stocks. Here's a fun stat. On March 2020, 1/6 of ALL publically traded US companies did not profit enough to cover the INTEREST on their debt. They survived due to ATL interest rate environments effectively zombiefying the economy. The only AAA firms in January are MSFT and JJ. Trump's tax cuts meant to stimulate the economy just lead to more share buybacks, inflating the shit out of the index. (Buybacks ATH in 2019; money all used to pad CEO pockets but not to pay down debt, or do MnA or RnD, or put in the war chest for RECESSION)

This inflated the equity bubble, which was already overinflated due to Boomer pensions and the passive investing phenomenon. Speaking of Boomers, they're all retiring within the next few years, so their spending is all winding down, while the next generations are BROKE. Millenials have no money, and a HUGE portion of them are stuck in another fucking bubble; The student Debt bubble. There's no money in the economy, and the FED's recent actions have distributed even MORE wealth to the top echelons of the economy; By allowing them access to the free money first, the Cantilon effect allows them to spend the extra money before inflation hits; Inflation, AKA devalueing of everybody's savings/wages. There's NO MONEY 1/2

>>18160086
Gen X was nearly as impotent and cucked as Millenials who are just now realizing that boomers don't have their interests in mind. Zoomers will likely do better since they actually have a spine; the boomers will likely die on their watch and they can learn from what happened to the two generations preceding them.