This cheap money is rewarding asset holders more than wage earners (particularly asset-lite or asset-less young adults who comprise the childbearing population). These policies of inflating asset prices are rewarding elderly and institutions who own the bulk of assets over the young adults who are being penalized with record rents, home prices, insurance, medical costs, day care costs, and student loans, etc.. All this is further delaying marriage and family formation and only pushing fertility rates toward the low variant. The global population is set to peak far sooner and more dramatically than the UN’s current 2100’ish date.
I don’t see anything obviously incorrect in the above excerpt. It reminds me a little of the happy times when your house value goes up and up and up as the bubbles froth and the froth bubbles: you can borrow more, you can spend more. All is well–until the crash happens.
If the carnage is international, and not limited only to this country, then things could get pretty bad.
Excerpt:
I don’t see anything obviously incorrect in the above excerpt. It reminds me a little of the happy times when your house value goes up and up and up as the bubbles froth and the froth bubbles: you can borrow more, you can spend more. All is well–until the crash happens.
If the carnage is international, and not limited only to this country, then things could get pretty bad.