The world was so different in 1982, it's hard to believe we ever lived in that time. Workers living in houses, the wonder of just drawing simple 4 color graphics on the family TV screen, casting black guys as criminals without triggering a national emergency, & of course the ever present $1.30 gas. We were so care free in those days. Of course, some of the movie is a bit different than we remember.
What lions think is happening is index funds are earning interest on large treasury positions. They're putting the interest into stonks to manetain a constant allocation. It's not millennials pouring money in the stonk market expecting lower interest rates. High interest rates are pushing up stonks like the 90's. Millennials are taking money out of the stonk market to buy houses & pay their mortgages. Important reminder that lions would only barely get by & be fairly unhappy if they retired now, drained their savings to buy a house, & couldn't afford a lot of things they hoped to have. Lions don't expect to have the coordination required to play it, when the time comes. Maybe they could just play chords. Would definitely have to learn how to tune it & regulate it. If lions didn't have to buy a house, things would be better. 40 years ago, bonds were called fixed income because the standard method was to use interest as a sou...
Comments
Post a Comment