Truth will out.

When not enough suckers can be recruited, the entire thing will collapse, catastrophically.

When, exactly, do think they will run our of suckers to recruit?

That Millennials are "smart"? ...

I will continue in the stock market until banks pay a decent interest rate to keep my money. Banks are worse.

If you lose your investments, a coffee can would be better.

...that if you act like rapacious swindlers only out to enrich yourselves, people will regard you as rapacious swindlers only out to enrich yourselves and act accordingly.

Anyone else think this is odd?

They're carrying on their shoulders a good part of the $1.2 trillion of student debt outstanding. In 2004, Americans under the age of 30 had $146 billion in student loans, according to Equifax. By 2014, in just 10 years, the student-debt burden of the under-30 cohort had skyrocket by 152% to $369 billion.

So no omission of journalism there.

Thank you Baby Boomers and the Silent Generation. At least Gen X was able to enjoy the 90's boom.

I had some pretty good ideas of where I could go and do. I am doing alright, please don't mis-characterize me but I no longer have such optimism.

The 90s to me and my friends seem like a faded dream of prosperity that we never really realized.

I didn't get a good paying job until 1999, however, I have been able to hold onto it since then. 2008 was very scary and I suffered a massive pay cut, but i still have my job.

on the news. Right after that I was channel surging and on Fox Business News (you will have to forgive me) but they were talking about investing in student debt and how savvy it was.

Millennials ladened with so much student debt and having a hard time finding a decent paying job - can't afford to get married, buy a house and raise a family because they have all that debt to deal with - let alone invest in the stock market. They just don't have the money.

If Wall Street has a report like stated in the OP - my prediction is that they have to get behind a 'student loan bail out'. Take away the student debt and all of a sudden it frees up a lot of money for marriage, house, kids and all the trappings that go with it. In essence it opens up a 'middle class' that would support among other things Wall St.

If they are beginning to look downline and see that their very existence will depend on the millennials - than they have to be for loan forgiveness.

Keep an eye on this.

It is the vices of monopoly they were interested in. Politicians -- the ones who serve business over the people and the business class don't have to worry about deficits and such when they transfer the wealth from the taxpayers into the hands of private business. As far as being priced out that is from all the consolidation, buying or driving out the competitors -- don't know the current state of the private health business but before ACA for those who weren't on an employer's health plan were exposed to the monopoly as most of states pretty much had only Blue Cross & Blue Shield or one or the other which is why the prices were so far. It wasn't the young people "gaming the system" by waiting to use services only when they were sick.`That was the consumer base the health insurance desired because they were healthy, rarely got sick, and would subsidize whatever losses they took on from taking in an already sick customer.

Monopoly -- offer less choices & charging more. Happening everywhere I can think of. Most of them do business in Africa.

because no one trusted it.

same goes for banks.

people really did put money in their mattresses, they considered that safer than in a bank.

Frankly, I see the millennials having the same sentiment.

and given wall streets stellar performance as money grubbing crooks, one can't blame the young folks at all.

.... who remember die off.

Maybe the millennial so will demand pensions instead of the 401k fuck job.

To avoiding irreversible climate change, to avoiding more resource wars, to avoid Republican rule (under any name), to avoiding more Charlestons, is to avoid Wall St.

In my mind one of the best ways to show love & respect for your neighbor is to not assist those making their lives worse. No matter how much money they dangle.

For 48 years people of all ages have tried to do the same with less and less real income. Minimum wage would now be $21+/hour if it kept pace with productivity gains and inflation. As we know there was no "trickle down" -- only 'sucking up.'

http://www.huffingtonpost.com/2013/02/13/minimum-wage-productivity_n_2680639.html

The stock market is a game rigged against the small players. Brokerages trade with priority and can make a small percentage on every trade they handle. Meanwhile the most profitable (and most of the best run) companies in the US are privately held. A privately held company does not have to sacrifice long term results in order to show growth every single quarter the way Wall St wants it.

a "closely held" (as they are often referred to) company doesn't have to reveal jack shit about itself.

Think "Koch Industries".

For all the downsides, one thing being publicly traded does do;

Opens the company's books to public scrutiny.

Millenials don't have that kind of money to invest in bad ideas because...wait for it...wages are down!

Yeah, they cleaned out a lot of near-retires of their long hard earned savings and guess what? Those retirees were parents of the Millenials.

Wall Street is eating a bowl of its own karma.