Feel better after dropping that load?
Well . . . Yeah.
I wasn’t the guy that tried to diss X’ers and Millenials.
Sucky part is that what I said was true.
In 2008, there was $64T in CDS/MBS debt to unwind. That number, with all the other debt piled on top, got bigger, not smaller - even with ‘extend and pretend’.
Anyway, banks in Europe are charging negative interest because there’s no where to park the money where investors think it’ll be safe.
Moral of the story - start slinging crap about generations, you better check your driver’s license first. If the last two numbers are less than 64, then it’s best to just keep the comments in the cozy confines of your head.