(no subject)

[timelets]

Here's what we are being distracted from
https://www.linkedin.com/pulse/paradigm-shifts-ray-dalio

The enormous amounts of money in no- and low-returning investments won’t be nearly enough to fund the liabilities, even though the pile looks like a lot. That is because they don’t provide adequate income. In fact, most of them won’t provide any income, so they are worthless for that purpose. They just provide a “safe” place to store principal. As a result, to finance their expenditures, owners of them will have to sell off principal, which will diminish the amount of principal that they have left, so that they a) will need progressively higher and higher returns on the dwindling amounts (which they have no prospect of getting) or b) they will have to accelerate their eating away at principal until the money runs out.

That will happen at the same time that there will be greater internal conflicts (mostly between socialists and capitalists) about how to divide the pie and greater external conflicts (mostly between countries about how to divide both the global economic pie and global influence). In such a world, storing one’s money in cash and bonds will no longer be safe.

Comments

[lm644]

Ну да. При этом возьмутся за сокращение social security and Medicare, потому что растущий дефицит бюджета надо же будет чем-то покрывать...

[timelets]

Реформа здравоохранения должна быть главным вопросом этих президентских выборов, потому что она определит финансовое будущее страны на все 20-е и дальше. Но я не представляю, как мы можем перейти от ежедневных скандалов президента и бессмысленных рекордов на рынке акций к осмысленному обсуждению долгосрочных проблем.