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On the contrary, I think a recession - and hence a discount in asset prices - is good for people.
by jhwang5 8y ago
On the contrary, I think a recession - and hence a discount in asset prices - is good for people.
- cm2012 8y agoGood for rich people (those with money to spend on assets). Absolutely not good for most people.
- jhwang5 8y agoRich (<1%) already own assets, but the rest aren't invested enough. Asset prices right now are unaffordable. A big correction will give the rest a much needed discount. Agreed that there is a big segment in population who can't afford assets either way. But usually recessions impact the middle class the most.
- zamalek 8y agoLosing your home is not good for people.