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Good for rich people (those with money to spend on assets). Absolutely not good for most people.
by cm2012 8y ago
Good 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.