2 ms·
> 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 af
by heimatau 6y 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.