Found a great column about our current economic situation on ZeroHedge:
Here is an excerpt:
There are two good things about being young and broke. The best part of course, is that you are not old. But you also have little to lose. And that is liberating for a person with decades to recover from taking risk in ventures that might fail.
Having a large group of such youth is an invaluable asset for the older citizens supported by their innovations and output. But powerful forces, if improperly managed, create havoc. So all successful societies strike a healthy balance between the competing desires of old and young. Nations that favor the former to the detriment of the latter suffer upheaval. This is roughly where we are now - nor are such dynamics limited to the US. And they are amplified by a world with a rising proportion of unproductive elderly.
Our youth, in a system they increasingly recognize as profoundly unfair and biased against their interests, are doing as they should: advocating for vast spending programs to build a green infrastructure and social system that reflects their priorities, unconcerned by the resulting inflation that will erode the wealth of their elders.
With powerful new blockchain technologies, many are building businesses to bankrupt their parent’s incumbent industries whose lobbyists calcify what our youth see as an unjust status quo. They are fleeing high tax states with bankrupt entitlement systems, for cities like Austin which they then remake in their image. As elderly gold owners writhe in portfolio pain, confused why the price of yellow metal is falling with inflation rising, our young people look to the digital future, buying bitcoin, ether. Solana. NFTs.
And as investors, our job is to recognize such trends, capitalizing on the opportunities they create, mitigating the risks such periods of upheaval produce. And in this new world, transitioning from old to young, unsettling inversions emerge. The strategies we previously turned to for safety have become risky. While unfamiliar investments that at first appear risky, provide safety.
Most of what I find on ZeroHedge appears to be technical market analysis which I just skip over. Those kind of articles are loaded with jargon, unexplained acronyms, complicated charts with illegible legends. They might be useful for some people, but they are just so much gibberish to me. But sometimes good stories like this one get posted there as well.