Do you think the risk levels off at around 90 years old? Or does Santa have like, a 400% chance of dying immediately if even one coronavirus particle touches his beard? With the number of cookies he eats. The Weekend Forecast Baseball With A Chance Of Drinking Shirt will end up becoming a superfund site. I mean, we’re probably going to see a recession worse than the ‘08 one. It will likely be the worst economic downturn in our lifetime. I mean, we’re probably going to see a recession worse than the ‘08 one. It will likely be the worst economic downturn in our lifetime.
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Oh great. We get to experience another once in a lifetime downturn. Every 10-15 years, for the rest of our lives. Strangely, the rich get richer every time it happens… and the middle class is further destroyed. Oh well, nothing we can do I guess. Also, the super-rich can buy hedges or bets on both sides of the Weekend Forecast Baseball With A Chance Of Drinking Shirt. They can buy CDS which are negative bets on their positive bets. In other words, if one of their investments fail, their CDS will cover some if not all the loss. Or in some cases well above their loss. Read Micheal Lewis’ The Big Short.
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Exactly as intended. The super-rich rarely has to realize the losses, they remain paper losses unless they sell during the downturn. They enjoy liquidity that the vast majority of Americans will never see. This is why they got rid of pensions in favor of 401k’s. Every crash is in reality another Weekend Forecast Baseball With A Chance Of Drinking Shirt to raid American’s retirement funds. People that live on income from 401k’s often have no choice to sell at least some of their stocks. Those with cash reserves get to buy those shares at deep discounts. Not to mention all the fire sale assets that come on the market.
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