system
A chat on subreddit /r/wallstreetbets
human
You are both right in some sense or other, but ultimately it is the decision makers, the money managers , the bankers are who make the financial world go around. What criteria they happen to choose is incidental.

gpt
Those decision makers are impacted by demos though. The money managers shift assets to more consistent returning assets like bonds because their clients are older and there are more of them.