U.S. bank lending slumps by most on record in final weeks of March
finance.yahoo.com
U.S. bank lending slumps by most on record in final weeks of March
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Re: U.S. bank lending slumps by most on record in final weeks of March
#2The days of cheap capital are over, and not because of the Fed.
The largest generation, boomers, are now retiring. Up until now they've been pumping money into the economy and the investing with their 401k and things like that. Now that trend is reversing as they retire they are taking money out of the 401k, out of their life savings, at the same time their purchasing power is decreasing.
The end result is a lot less capital than ever before, capital is now more expensive. Tighten your belts boys a prolonged slump is coming.
Re: U.S. bank lending slumps by most on record in final weeks of March
#3The days of cheap capital are over, and not because of the Fed. The largest generation, boomers, are now retiring. Up until now they've been pumping money into the economy and the investing with their 401k and things like that. Now that trend is reversing as they retire they are taking money out of the 401k, out of their life savings, at the same time their purchasing power is decreasing. The end result is a lot less…
Coincidentally, I just saw two separate job ads on the subway looking for caregivers. Maybe the next booming sector would be taking care of retired boomers.
Re: U.S. bank lending slumps by most on record in final weeks of March
#4The days of cheap capital are over, and not because of the Fed. The largest generation, boomers, are now retiring. Up until now they've been pumping money into the economy and the investing with their 401k and things like that. Now that trend is reversing as they retire they are taking money out of the 401k, out of their life savings, at the same time their purchasing power is decreasing. The end result is a lot less…
I don't dispute the economic importance of boomers retiring. However, millennials are the largest generation.
https://www.pewresearch.org/fact-tank/2020/04/28/millennials...
Re: U.S. bank lending slumps by most on record in final weeks of March
#5The days of cheap capital are over, and not because of the Fed. The largest generation, boomers, are now retiring. Up until now they've been pumping money into the economy and the investing with their 401k and things like that. Now that trend is reversing as they retire they are taking money out of the 401k, out of their life savings, at the same time their purchasing power is decreasing. The end result is a lot less…
I don't dispute the economic importance of boomers retiring. However, millennials are the largest generation. https://www.pewresearch.org/fact-tank/2020/04/28/millennials...
Key word living though, right? This is because folk have, well, died?
I don't fully understand how the millenial population can go up between 2019 and 2033 on that chart.
Re: U.S. bank lending slumps by most on record in final weeks of March
#6The days of cheap capital are over, and not because of the Fed. The largest generation, boomers, are now retiring. Up until now they've been pumping money into the economy and the investing with their 401k and things like that. Now that trend is reversing as they retire they are taking money out of the 401k, out of their life savings, at the same time their purchasing power is decreasing. The end result is a lot less…
Coincidentally, I just saw two separate job ads on the subway looking for caregivers. Maybe the next booming sector would be taking care of retired boomers.
Lets just hope it's done by the government and not by private corps gouging people who just need care.
Re: U.S. bank lending slumps by most on record in final weeks of March
#7Earlier quoted context omitted.
I don't dispute the economic importance of boomers retiring. However, millennials are the largest generation. https://www.pewresearch.org/fact-tank/2020/04/28/millennials...
Key word living though, right? This is because folk have, well, died? I don't fully understand how the millenial population can go up between 2019 and 2033 on that chart.
FTA: "The Millennial generation continues to grow as young immigrants expand its ranks"
Re: U.S. bank lending slumps by most on record in final weeks of March
#8The days of cheap capital are over, and not because of the Fed. The largest generation, boomers, are now retiring. Up until now they've been pumping money into the economy and the investing with their 401k and things like that. Now that trend is reversing as they retire they are taking money out of the 401k, out of their life savings, at the same time their purchasing power is decreasing. The end result is a lot less…
I don't dispute the economic importance of boomers retiring. However, millennials are the largest generation. https://www.pewresearch.org/fact-tank/2020/04/28/millennials...
American baby boomers are worth, on average, something like $1.2M depending on your source. That's a lot of retirement capital that will be leaving various markets and chasing goods and services over the next few decades.
Re: U.S. bank lending slumps by most on record in final weeks of March
#9Earlier quoted context omitted.
I don't dispute the economic importance of boomers retiring. However, millennials are the largest generation. https://www.pewresearch.org/fact-tank/2020/04/28/millennials...
Key word living though, right? This is because folk have, well, died? I don't fully understand how the millenial population can go up between 2019 and 2033 on that chart.
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Re: U.S. bank lending slumps by most on record in final weeks of March
#10Earlier quoted context omitted.
I don't dispute the economic importance of boomers retiring. However, millennials are the largest generation. https://www.pewresearch.org/fact-tank/2020/04/28/millennials...
Key word living though, right? This is because folk have, well, died? I don't fully understand how the millenial population can go up between 2019 and 2033 on that chart.
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