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2008 showed us where this road goes. The wealthy are the tiniest sliver of the group of people whose lives will be ruined. If anything, when the dust settles th
by mullingitover 5y ago
2008 showed us where this road goes. The wealthy are the tiniest sliver of the group of people whose lives will be ruined. If anything, when the dust settles the truly wealthy (those whose wealth isn't riding on leverage) will end up even wealthier because they'll be sitting on capital that they can use to buy up even more assets at fire sale rates.
- chii 5y ago> truly wealthy (those whose wealth isn't riding on leverage) incredibly convenient to just dismiss those people who lost wealth this way, and claim that the "truly wealthy" is to be blamed.
- mullingitover 5y agoI...did neither of those things?