I'm sure some people do. My parents got completely wiped out by that scam, even at the time I couldn't believe they agreed to it. Million dollar retirement got completely wiped out.
If they're talking about student debt forgiveness, even if that's just one of those voter promises that never happen, they have to be pretty desperate, that's a big boot on the middle class too.
S&P would have to drop by 20% to get back to pre-pandemic levels, which even that would be complete chaos, I think in 2020, 18% of public companies were zombies pretty sure that's even higher now
oofff new home owners about be get rug pulled.
Who remembers underwater mortgages? I do, I used to have one. Never again. BTC only.
Only if they have adjustable rates though right? Do we still even have those?
I'm sure some people do. My parents got completely wiped out by that scam, even at the time I couldn't believe they agreed to it. Million dollar retirement got completely wiped out.
P.T. Barnum was right.
I rate they've got another 25 basis points in them, keen to see how far they're willing to let the stonk market fall
I'm curious as well. The political pressure has to be incredible.
You've already pissed off poor people with inflation. Now, you're going to piss off the middle class and above by taking away their gainz.
If they're talking about student debt forgiveness, even if that's just one of those voter promises that never happen, they have to be pretty desperate, that's a big boot on the middle class too.
At least enough to transfer more wealth.
S&P would have to drop by 20% to get back to pre-pandemic levels, which even that would be complete chaos, I think in 2020, 18% of public companies were zombies pretty sure that's even higher now
https://files.peakd.com/file/peakd-hive/chekohler/EnynyGkQKJ1xnMHasLjpAMN4mgCw7iGZg3wYaBANw2hupHSrDgrBTfQHWFd7j125peu.png