@thesquirrelfish @FluentInFinance @sun dividends, that's where it comes from. Like your grandparents had access to after WW2.

So we go back to the way things used to be: companies focused on long-term growth stability in a slower economic climate where financing is expensive. Instead they pay dividends to attract investors who want to ride with them for many years to fund their big capex projects instead of the current method of leveraging cheap funding from ZIRP and letting their stock become a casino.