Not exact matches
This was why
financial repression, although useful in the early stages of China's growth period because it turbocharged investment, ultimately became one of the county's biggest problems once investment no longer
needed turbocharging.
And so in terms of
financial repression, perhaps the one key sector that we
need to look at is student loan debt because so many millennials are carrying student loan debt, and you know a small student loan debt is like $ 25,000 - $ 30,000 if someone can escape with a bachelor's diploma and only have $ 30,000 in debt they're considered to have done quite well, but when you think about it that's a pretty large debt for somebody who doesn't even have a full - time job yet.
So again, this is as you and I talked from a
financial repression perspective, this is a very empowering concept because it's putting control back in the hands of individuals and really away from governments and big companies because they're not
needed as the middleman.
However... demographic trends and
financial repression (the
need for governments to maintain a supply of coerced purchasers of their bonds) suggest that developed market equities won't be a great investment class for the next ten years or so.
If you think
financial repression will go on for another 20 years, you
need to have equities.