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This is the dumbest "recession" because it comes on the dumbest asset pump. The S&P is still up 13% from pre-pandemic. That's slightly below historic the histo
by onlyrealcuzzo 4y ago
This is the dumbest "recession" because it comes on the dumbest asset pump.
The S&P is still up 13% from pre-pandemic. That's slightly below historic the historic average, but nothing to be alarmed about.
Home prices are still WAAAAAAY above historic averages. Even if they drop 20%, they'll still be way up.
The only people that will get hosed are speculators.
You didn't "lose" money if you lost "unrealized gains".
- adam_arthur 4y agoYup. It was pretty much all avoidable if policymakers had been more responsible. But they weren’t. Dropping rates to pull wealth from the future into the present finally hit the brick wall of inflation. This whole scenario has made it clear we’ve been abusing monetary policy for what fiscal policy should have been used for