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Keep in mind that this "free" money comes from somewhere. It comes from the people who can't get a fixed rate home loan or HELOC that get screwed when the econ
by zackmorris 7y ago
Keep in mind that this "free" money comes from somewhere.
It comes from the people who can't get a fixed rate home loan or HELOC that get screwed when the economy tanks and their interest rises above 7% and they lose their home.
It comes from the people paying 30% interest on credit cards or 400+% on payday loans.
It comes from workers in China and India that get paid pennies on the dollar and can't get a loan over $1000 so have to work themselves to death for the West's ambition.
To see the world's capital potential squandered on new locator/ride share/service apps with valuations larger than the industries they're replacing is..
OBSCENE
The only thing propping this mobile/social bubble up is that unemployment is so low that people are too busy to realize how badly they're getting screwed by Wall Street.