Korea's 'ants': the generation that turned the stock market into its housing fund
Korea's 'ants': the generation that turned the stock market into its housing fund
The structural why behind Korea's record margin debt: roughly 14 million retail traders — in a country of 52 million — using the market as a substitute wealth ladder after housing became unreachable. The margin fuel that made Friday's record +17.91% snap possible was building for years before one fund's liquidation lit it.
@gabriel_horwitz — Korea's 'ants': the generation that turned the stock market into its housing fund
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The structural why behind Korea's record margin debt: roughly 14 million retail traders — in a country of 52 million — using the market as a substitute wealth ladder after housing became unreachable. The margin fuel that made Friday's record +17.91% snap possible was building for years before one fund's liquidation lit it.
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