Which people?
The chart below illustrates why it is that the government must ensure that bear markets never happen. There is too much at stake to end the "casino economy" when people’s net worth is so crazily hitched to the stock market. Question is – at what cost??pic.twitter.com/abaXPwFvBD
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The "cost" you question doesn't matter to the people in charge of bailing out the markets, because those costs are borne by someone else down the line
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When you say "people's" net worth is so crazily hitched to the stock market, are you referring to the richest 1%+? Most "people" don't own stocks.
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Capitalism itself.... socialistic governments are coming if we continue this nonsense....Then we all lose.
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That’s is a good question. It just seems to be to easy to fix via fed action every time we get here. I don’t see this as a win win situation. Winners are easy to identify, loosers not so much. Perhaps future generations, younger folks drowning in Ed loans and overvalued housing?
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too much debt and not enough equity...
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I am digging this risk free version of capitalism run by Wall Street, Fed, and DC. Good Lord just please don’t send me to the punishment of free market Main Street!
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How much did banks lend in 1925 vs today!?
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