The global financial meltdown and you

Consequence number one of the meltdown we’re going through is for pension funds assets and anything that was invested in a less than extremely conservative portfolio. We thought, as we read about the changing nature of work and about retirement as an obsolete notion, that most of us were unlikely to truly retire; we know now, instinctively, that there will simply be less money around for retirement.

For a while, there will be less money for funding new ventures. Less institutional money and less leverage; equity flows by angel investors will continue trickling in. There will be less money for M&A, but more deals in distressed situations. There will be less money for polluting the planet, and less money for cleaning it up.

And there will be less money for charities, non-profits, arts and culture.

3 thoughts on “The global financial meltdown and you

  1. Pingback: Brandeis and the Rose Art Museum: should a university not sell its collection? « Live from Planet Paola

  2. Pingback: ILLUMInazioni: 2011 Venice Biennale lives up to expectations « Live from Planet Paola

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