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If you are planning your life around putting money into assets tied to the imperial core e.g. housing and retirement how do you feel abt the entire financial system being a giant bubble (lemmy.ml)
submitted 1 year ago by [B] to c/asklemmy@lemmy.ml
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If you think this started with Silicon Valley that's a mistake

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[โ€“] 1 point 1 year ago (1 child)

The western economy is a boom and bust cycle, most often driven by US loosening of economic controls. Iโ€™m sure the Chinese property bubble will burst too and then we have to deal with that one too.

How I long for social democratic, Nordic style government everywhere.

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  • [โ€“] 2 points 1 year ago*

    Nordic retirement funds famously don't invest in shitty companies or housing property... directly. In Nordic countries.

    They do own a sizeable chunk of middleman and own a lot of empty estates as well as renting agencies, e.g. in London UK, Gdansk Poland (and I forgot all other places)

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