I think the biggest issue the world faces is that we are forward buying everything.
People are prepared to access debt and pay more for something because we are convinced that it’ll be worth more in the future.
The mindset is, I make $100k a year now, in 20 years I’ll be on minimum $200k because that’s what history has told me.
I wonder if there is a fault in that theory.
I don’t really know but it just seems odd that so much debt has been used for everything, I dunno if this is consistent with the previous 20 years.
I’m starting to wonder if there will be any growth on investments for a very long time as everything is priced so far into the future.
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I think the biggest issue the world faces is that we are forward...
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