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cwoolfe 3 hours ago

This has to slow stock market growth, right? Less young people buying, more older people selling.

missedthecue 2 hours ago | parent | next [-]

Yes. A massive implosion in aggregate consumer demand due to shrinking population will hit real estate, stocks, tax revenue, and therefore the ability to meet debt repayment obligations.

Frustratingly, (and counterintuitively), it won't help housing prices, because shrinking populations retreat to city centers. Spain, Italy, Japan, and Korea are full of $5,000 houses. Meanwhile, Madrid, Rome, Tokyo, and Seoul are more expensive than they've ever been.

Maxion 3 hours ago | parent | prev [-]

Most stock market trades aren't made by people, but by institutional money. That ain't going nowhere.

wbl 3 hours ago | parent [-]

The institutions exist for people to do things like retire.

Maxion 3 hours ago | parent [-]

Undoubtedly they will continue to exist once the people they serve seize to exist.

wbl 3 hours ago | parent | next [-]

It's not about existence it's about what drives the flows. People are born, work and save, and retire. Part of the savings enters as institutional money, and is consumed in retirement.

throw-the-towel 3 hours ago | parent | prev [-]

Ha, this has some serious There Will Come Soft Rains energy.