…and especially pensions. So drastic reduction in institutional capital accumulated from consumer ‘rents’, combined with next year’s beginning drawdown on baby boomer investments, will reverse seventy years of trend.
Source date (UTC): 2020-12-29 20:42:20 UTC
Original post: https://twitter.com/i/web/status/1344020953504821251
Reply addressees: @Mr_JJT @mattyglesias
Replying to: https://twitter.com/i/web/status/1344020337088978944
IN REPLY TO:
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@Mr_JJT @mattyglesias In other words, credit and consumption based growth in the financial sector is facing a difficult future, necessitating the search for more capital intensive longer-term returns, and minimizing capital from credit cards, mortgages, education loans, and all fields of insurance.
Original post: https://x.com/i/web/status/1344020337088978944
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