I'm confused because back when I had a 401(k) I managed it and chose what investments the money went into. So I don't see how that money would magically flow into private equity? Unless they mean mutual funds could start investing in private equity? But this would show up in the prospectus would it not? Or are they just arguing that many Americans are completely ignorant and oblivious to what their 401(k) is invested in and would accept private equity investments because they blindly follow advice?
Look at the mathematical facts: most people live paycheck to paycheck, have no rolling cash savings let alone an emergency fund of months.
You think that is a sign most folks are paying attention there very well?
But what’s that mean if they do anyway?
If everyone has a cool million is that some sign we have enough real supplies to go around in a crisis? To satisfy that potential financial demand of cash for real product?
We weren’t producing enough TP to handle a short run on supplies. All energy spent on big finance is purposeful indirection away from truth.
