Peter Zeihan has argued that we are in for a decade of high interest rates. He's attributed this to Boomers all entering retirement in the first half of the 2020's and their retirement portfolio's shifting to more stable investments and out of equities.
He argues that this massive capital flight will tighten lending markets for at least a decade until the Boomers' kids (the millennials) start to enter into their peak earning years and huge swaths of capital return and depress lending rates.
Does this make sense?
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