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Wealthy people hold diversified assets (including cash buffers). Market fluctuations are temporary and benefit the wealthiest who are able to balance their ass
by neogodless 2y ago
Wealthy people hold diversified assets (including cash buffers).
Market fluctuations are temporary and benefit the wealthiest who are able to balance their asset allocation, shifting stable or growing assets to buy other assets with depressed prices.
The wealth will get richer, while the poor will literally not eat, whether due to poor economic conditions, or because of a massive attack on social safety nets, or a combination of those things.