/biz/ - Business & Finance

Donald trumps boomer brain response to all of this is gonna fuck us. Cable news watching midwits think corona is causing this. It totally has nothing to do with the massive leveraged debt bombs most american corporations poses. Whats worse is since the fed has been keeping interest rates artificially low in order to fuel retarded stock market pumping (which hasn't created any actual value) we have no way to fight this. Whats going to be even worse is when every pension fund becomes insolvent in the next few years.I work for one and the assumption our actuaries made was that we can get 7% returns indefinitely (lol) this shits gonna be out of money in like a year or two.

We're going to cause a decade long economic devastation just to keep Boomer 401ks afloat for another few days.

All in at 0.0075 sats :C