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Market tests millennial traders who've never seen a crash

Most have only worked in an era where central banks printed trillions of dollars to prop up economies and markets

Published Wed, Feb 7, 2018 · 09:50 PM
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Moscow

IN his career in finance - all seven years of it - Ben Kumar has seen some tough days. There was 2013, when traders worried about the Federal Reserve, and 2016, with the Brexit vote.

But, at 29, Mr Kumar and many millennials like him on Wall Street and the City of London have never endured a full-blown crash. For them, markets have always bounced back - fast - and gone on to new heights.

Now, with world stocks sinking and central banks withdrawing stimulus that's supported markets for years, elders worry Mr Kumar's generation isn't ready for a trial. Mr Kumar is chill.

"Find me someone who worked in the era of 15 per cent inflation and I'll talk to them about bitcoin and the Internet," sa…

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