3 ms·

People like me are buying. Because people will still pay interest. And even if some "bailout" happens the money will go straight to the banks. So why not buy

• Spooky23 7y ago
  Because the situation is out of control and the madman President of the US doesn’t have the ability to establish confidence. Any outcome is possible right now, including nationalizing a shitshow too big to fail bank. You’re better off speculating in consumer staples that are cheap. There’s a lot of misery ahead, places like McDonalds are a potential good investments. Still better if you have cash is to wait for the waves of bankruptcies and whatever emerges. For example, every US state that depends on income taxes is broke for the next quarter (the deadline for taxes was pushed to July), and the relief bill doesn’t close the gap. That alone will impact Medicaid payments and municipal government.