End of Golden Era for Investors Spells Troubles
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End of Golden Era for Investors Spells Troubles
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Re: End of Golden Era for Investors Spells Troubles
#2The me generation was aptly named, generation X ate the table scraps, and now we millennials are being left with the bill.
Edit: I suppose the question now is, what can we do about it?
Re: End of Golden Era for Investors Spells Troubles
#3The me generation was aptly named, generation X ate the table scraps, and now we millennials are being left with the bill. Edit: I suppose the question now is, what can we do about it?
Gen X was standing on the same rug as you guys when it got pulled out. Take a look around next time you're in WalMart or McDonalds. All those 40ish looking people that look weirdly out of place in their uniform shirt? Yeah, that's us since the boomers nuked domestic manufacturing and construction wages made a run for the bottom. Don't even get me started on retirement. sigh
Re: End of Golden Era for Investors Spells Troubles
#4The me generation was aptly named, generation X ate the table scraps, and now we millennials are being left with the bill. Edit: I suppose the question now is, what can we do about it?
It sounds more like a consequence of global business cycles and growth being "absorbed" by newer economies.
Re: End of Golden Era for Investors Spells Troubles
#5I really do dislike this style of reporting :
A bold claim stated as fact.
Claims report by X.
Re: End of Golden Era for Investors Spells Troubles
#6The me generation was aptly named, generation X ate the table scraps, and now we millennials are being left with the bill. Edit: I suppose the question now is, what can we do about it?
It sounds more like a consequence of global business cycles and growth being "absorbed" by newer economies.
Definitely. Just part of globalization. It helps far more people than it hurts, but for those in developed countries, you don't really see the people it is helping because they're across the planet.
I'd say it's nice for developed countries to help out like that - but we all know the real winners are the businessmen behind your politicians bankrolling this stuff.
Re: End of Golden Era for Investors Spells Troubles
#7Honest question: How is is possible to lend any weight to predictions like these when, even when it comes to the lower profits of the last few years, predictions have always been based on the recent past and wrong?
There's any number of "black swan"-type events that could prove this to be incorrect.
Re: End of Golden Era for Investors Spells Troubles
#8The me generation was aptly named, generation X ate the table scraps, and now we millennials are being left with the bill. Edit: I suppose the question now is, what can we do about it?
Gen X was standing on the same rug as you guys when it got pulled out. Take a look around next time you're in WalMart or McDonalds. All those 40ish looking people that look weirdly out of place in their uniform shirt? Yeah, that's us since the boomers nuked domestic manufacturing and construction wages made a run for the bottom. Don't even get me started on retirement. sigh
Well, I didn't say that Gen X got nothing at all. We all got hurt in some way by the GFC. Of course to generalise about an entire generation people is egregiously pointless. At the same time, simply due to the luck of timing, it feels as though Gen X had more of a chance to do something about it. However, they did not and in fact they had much more of an opportunity to take advantage of the selfish and short-sighted policies perpetrated during the previous era. They, at the very least, had the potential to come out of it with at least some decent sum of assets. Meanwhile, here we are with a completely upside down economy left to us in tatters and we've no inheritance to help us. Of course, millennials feel shortchanged in a very real sense, we were the hardest hit, we have had little to no chance to do anything about it and we'll likely be known as the impoverished generation -- much like the lost generation, except this time with economic warfare as the driver.
Re: End of Golden Era for Investors Spells Troubles
#9[deleted]
Re: End of Golden Era for Investors Spells Troubles
#10The me generation was aptly named, generation X ate the table scraps, and now we millennials are being left with the bill. Edit: I suppose the question now is, what can we do about it?
You could assist in the political and economic activity required to improve accountability, governance and social responsibility in global corporations and governments, seek to increase transparency in high value economic affairs to reduce corruption and tax evasion. If that works out our states might have the resources to support us regardless of 'wealth'.
Buy less, consume less, recycle more, buy a bike, start a co-op, shop at your farmers market, volunteer at a local charity, get informed about local politics, get involved in local politics, network with your peers and form organisations to protect your interests, talk about wealth and income freely so as to understand your worth, I'm sure the good folks here will have some more ideas...