I'm a little worried about the people not worried in this thread. Especially the older ones having experienced it before.
Every recession 'first hand experience', had as a backdrop a rising China and more valuable world population by the end simply by the relative size of the boomers.
China is facing serious challenges to the point that I'd stay clear of them, and the boomers are retiring. changes them from high spenders and risk takers into low spenders who don't want risk.
It's going to be a bumpy ride before the generational accounts balance out, and i fear we're going to have a shitload of grumpy old people waking up a lot poorer than they ever expected. A good recipe for even worse political decisions.
Every recession 'first hand experience', had as a backdrop a rising China and more valuable world population by the end simply by the relative size of the boomers.
China is facing serious challenges to the point that I'd stay clear of them, and the boomers are retiring. changes them from high spenders and risk takers into low spenders who don't want risk.
It's going to be a bumpy ride before the generational accounts balance out, and i fear we're going to have a shitload of grumpy old people waking up a lot poorer than they ever expected. A good recipe for even worse political decisions.