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Also the rich have cash flow and can continuously invest during crashes. The top 10% aren’t losing their jobs in a crash, but the bottom 50% might. So while t
by itake 2y ago
Also the rich have cash flow and can continuously invest during crashes.
The top 10% aren’t losing their jobs in a crash, but the bottom 50% might.
So while the top 10% keeps investing and will maximize the recovery, the bottom 50% will cash out at the bottom and won’t return to invest for years after their emergency fund has recovered.
- JumpCrisscross 2y ago> the rich have cash flow and can continuously invest during crashes There are a lot of levered rich people. Musk would be screwed if he got margin called on Tesla.
- actionfromafar 2y agoSo you are telling me there is hope after all? (I mean, unless there's a federal ruling that it's unconstitutional to let a Musk and his money part ways.)
- Jensson 2y agoHope for what? Who would benefit?
- actionfromafar 2y agoThe American people, the Constitution, Ukraine, Europe, the whole world probably. The US is about to drag the world into a recession or a War Economy.
- Jensson 2y agoWhy would that change for the better if Elon lost a lot of money? People become more aggressive when they lose a lot, not less.
- actionfromafar 2y agoAnd that is often their downfall, overextending themselves.
- suraci 2y agowhen Musk and you are both screwed, which of you can get the big money from the government
- itake 2y agoI think its less than you think, but certainly not zero. Even if Musk filed bankruptcy yesterday, he would still end his life a multi-billionaire.
- itake 2y agoI remember reading during covid about how Zuck lost billions in a single day. But he never lost his job. Meta kept paying him and he continued to invest throughout covid.