Tuesday, June 2, 2015

Wall Street Traders That Are Too Young To Remember Rising Interest Rates

The next downturn in the business cycle should be really a lot of fun.

Adam Taggart wrires:

A new report by Bloomberg shows that the average Wall Street trader is 30 years old. 
Given that:
30% of traders are so young they have NEVER experienced anything other than zero interest rates.
66% of traders have no adult memory of the dot-com crash of 2000.
Only 43% of traders are old enough to remember the 2000 dot-com crash and the 2007 credit crisis — the two most significant economic cycles of the last 15 years.

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