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37 sats \ 4 replies \ @denlillaapan OP 14 May \ parent \ on: No, Really: Leverage That Retirement Portfolio (Bloomberg, Matt Levine) econ
hm, mayhaps.
some corresponding group that's holding too many shares, the current cohort of retirees...?
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27 sats \ 3 replies \ @Undisciplined 14 May
Ok, so that means there's some misallocation that they're making. If it's just that they should be spending down their savings more, that would be very convenient for the implied model.
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40 sats \ 2 replies \ @denlillaapan OP 14 May
I suppose...? Say more
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13 sats \ 1 reply \ @Undisciplined 14 May
I'm just trying to figure out who has the shares that these younger folks are "supposed" to have and what the error is that's leading them to hold the shares.
The easiest answer, that I think you've written about, is that Boomers aren't spending enough. The win-win, then, is Boomers get more utility from consumption by selling their stonks and millennials get the stonks they should have.
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29 sats \ 0 replies \ @denlillaapan OP 15 May
Hmmm ok, that sounds about right in general.
I suspect he dudes looking at this weren't considering general eq conditions like that, just intertemporal savings for a young person growing into retirement
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