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Wouldn't the mega-wealthy be the ones who'd be least likely to need to sell anyway? Versus people with investments that they want to liquidate for a buffer afte
by majormajor 7y ago
Wouldn't the mega-wealthy be the ones who'd be least likely to need to sell anyway? Versus people with investments that they want to liquidate for a buffer after losing a job, or retirement?
- heimatau 7y ago> Wouldn't the mega-wealthy be the ones who'd be least likely to need to sell anyway? Versus people with investments that they want to liquidate for a buffer after losing a job, or retirement? Yes but...they want profit. They want to go UP...UP...UP... So, if they felt that their entire portfolio is at risk, they'd cut and run. But since the mega-rich are too big to fail, they are now being (partially) subsidized by the Fed.