The preference for the present is very strong: What consequences?
The preference for the present is now very strong in OECD countries, due to the political cycle, as shown by the very high level of required return on equity. As a result of this strong preference for the present: Public debt ratios are rising; Long-term investments are not made; It is hard to gain acceptance for climate policies; Savings are channelled into speculative investments. The goal should be to build democracies with a weak preference for the present.
Provider
Natixis
Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.