4 ms·
Having lived through, intimately observed, and now in reflecting on the 2008 situation - Id's say your assessment is fair. That same effect/outcome multiplied
by _curious_ 7y ago
Having lived through, intimately observed, and now in reflecting on the 2008 situation - Id's say your assessment is fair. That same effect/outcome multiplied this time around, seems to be inline.
While the recovery may miraculously end up more evenly distributed (with Sanders out I don't see enough pressure/leverage) under current administration and potentially four more years, nothing is off limits and this one may in fact become much more concentrated than 2008.
- trhway 7y agowe're about to witness another, and probably the greatest to date, round of wealth redistribution. There is going to be a lot of distressed assets at the bottom while the well connected top will have unlimited (my mind needs some time to make distinction between unlimited and $6T :) access to money. From the heights of the Pareto of 5-10 years down the road the today's Pareto will look indistinguishable from a uniform distribution.
- malandrew 7y agoI would wager that most if not all downturns lead to greater concentration of wealth, since they invariably favor those that cover their risks with tail hedges and maintain a cash reserve for these market events. People who do this are far less common than those that don't and ownership will inevitably flow most dramatically to those that are prepared in a downtown. The converse, where everyone is prepared, at best would lead to maintaining the status quo, since everyone is ready and willing to pick up the few assets that are forced into a firesale if any.