Hard Landing Needed

I watched a great TED talk by Scott Galloway and something he said was eye opening. I am paraphrasing but he said the bailouts of the great financial crisis and during Covid was a transfer of wealth from the young to the old. His point was that only the old had assets and the stock market was being artificially propped up.

Stock prices falling, businesses going under, and recessions help pass wealth from those with assets to those willing to sweat. Young entrepreneurs cannot afford propped up prices. They need broken assets to rebuild and repair into something better.

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