Millennials Are Destroying Banks and Financial institutions

Millennials Are Destroying Banks and Financial institutions

Editor: Vladimir Bajic | Tactical Investor

Before we get to the article at hand many might ask why we cover political and health issues when our main focus in the stock markets and the financial arena.   Identifying the problem is over 80% of the solution and this is why most people don’t know what to do because they don’t really understand the problem. Now you know why we are the only financial website that covers such a wide array of topics that on the surface appear to be unrelated but are in fact, deeply interwoven.  Mass psychology is a very powerful tool and if employed correctly can help you spot the grotesque levels of manipulation the masses are subjected to. We strongly suggest that you view or read or view Plato’s allegory of the cave.  You might also find the following article to be of interest:

This Bull started off as the most hated bull market in History, and it is now metamorphosing into the most insane of all Bull Markets. By any measure, this Market needs to let out some steam as it is trading in the extreme of the extremely overbought ranges. Historically, the crowd is almost always in the bullish camp at this stage of the game, but that does not appear to be the case. In fact, what stands out is that the masses are as anxious as ever, and yet the markets are trading close to their highs. Stock Market Trends-Is the Stock Market Heading for a Crash?

Millennials Are Destroying Banks and Financial institutions and they deserve it.

 

 

They don’t buy napkins. They won’t play golf. They aren’t buying homes or cars. And they’re not even eating at Buffalo Wild Wings.

Millennials’ financial decisions have been heavily covered by media organisations — something that has infuriated many of the generation, as news that “millennials are killing” another industry has become a common headline.

“This is just some more millennial-blaming B.S.,” one reader wrote in response to a recent Business Insider article with the headline “Millennials are killing chains like Buffalo Wild Wings and Applebee’s.”

When millennials decide en masse against purchasing certain items, from hot wings to homes, it has a measurable, negative impact: declining sales, layoffs, and, in some cases, bankruptcies.

Still, naysayers are right about something.  While millennials’ preferences have had a destructive impact on several companies and industries, they had no say in creating the environment that has restricted their income and shaped their financial perspective. Instead, if we’re looking for someone to blame, we can target the generation that created a perfect. Full Story

First of all, they are not killing anything; it’s called a trend change. Nothing lasts forever, and the millennials have witnessed a lot of wealth destruction; they are adjusting to new trends.  Many industries of yesteryear will disappear forever.  The financial and the retail sector are two areas where the landscape is changing very fast. We expect more malls, hedge funds and then mutual funds to close shop. New Apps will come out that will allow individuals to create portfolios that mimic those of hedge funds and mutual funds. If one can do this for next to nothing, then why would one pay those rip-off management fees. The medical industry assumes it is immune to change, but the medical industry is going to suddenly experience a breathtaking trend change that will rip the industry apart.

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