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If you had assets during the pandemic you got many good gifts, some once in a lifetime (those 1.95% mortgages). If you didn't have assets, you got a check for
by Workaccount2 4y ago
If you had assets during the pandemic you got many good gifts, some once in a lifetime (those 1.95% mortgages).
If you didn't have assets, you got a check for $2000.
It really cannot be overstated enough the wealth divide that pandemic QE created. The way things are you have to inflate assets by $100 for $1 to make it down to poverty level hands.
- acuozzo 4y ago> It really cannot be overstated enough the wealth divide that pandemic QE created. :s/\<created\>\.$/exacerbated./ The underlying causes go back further than Roger & Me.
- Gibbon1 4y agoLast two years the increase in equity in my house and my retirement savings exceeds my income over the last ten. I got that for doing absolutely nothing.
- jollyllama 4y agoSome of us got neither
- bailoon 4y ago> If you had assets during the pandemic you got many good gifts, some once in a lifetime (those 1.95% mortgages). Exactly. Real estate doubled, tripled. Stock prices skyrocketed. Established stocks like Apple triple during the pandemic. It's mindboggling. That's after 12 years of continuous growth after the 2008 recession. Going off of assets, the past 15 years has been the greatest economic boom in human history.