That’s the kind of stuff that keeps me up at night: maybe we really are Japan: an economy defined by an aging population base, banks propped up by ZIRP, etc.
Sufficient to weather the storm and muddle on through, but growth? Not a hint of it in the macro sense.
There’ll still be opportunities to be had in a stock-picker’s market; savvy analysts traders will be able to scrape a few bucks off the Boomers making a collective decision on the most fashionable brand of disposable diapers, but Xers and Millennials scared into index funds by the crash of 2008 won’t see a penny of it.
That’s the kind of stuff that keeps me up at night: maybe we really are Japan: an economy defined by an aging population base, banks propped up by ZIRP, etc.
Sufficient to weather the storm and muddle on through, but growth? Not a hint of it in the macro sense.
There’ll still be opportunities to be had in a stock-picker’s market; savvy analysts traders will be able to scrape a few bucks off the Boomers making a collective decision on the most fashionable brand of disposable diapers, but Xers and Millennials scared into index funds by the crash of 2008 won’t see a penny of it.