by Karl Denninger
….refugees, money, jobs, anything!
Facebook recently surveyed Millennials and discovered that 86% were saving – not for a pension mind you – but for a vacation. Neither Millennials nor Hipsters appear to have a pension plan, which is of grave concern to the Financial Sector.
Whilst it’s tempting to see this sort of hand-to-mouth behavior as short-sighted, hedonistic stupidity. In actuality, it is the most rational response to the environment our youthful generation finds itself in.
Why pay for a deckchair on the Titanic when you can sip whiskey and make love by the fireplace in the first class lounge?