@CedricGx@Davidhe1996 @AurelienOhayon That depends on rates tho. They lowered rates printed and bailed out in the fallout of 08. Only time will tell what the fed will do this time (inflation wasn't as bad then)
2008 was predatory loans that eventually forced people to liquidate. Now its low interest rates, what happens when rates are raised and people without fixed rate mortgages are forced to liquidate? Or when the banks go under and can't afford fixed mortgages.
The top 10% owns 89% of the stocks in the US
The bottom 90% owns 55% of the housing market and holds 75% of the debt
Why the housing market matters more than the stock market
https://t.co/0NGmI7pdo9
@Broadsword_6@cafreeland Lol the virus itself didn't lower interest rates to historic lows and print more money than any modern recession. The central banks and governments did
@OddZombie@cafreeland Outsourcing to less restrictive countries plays a role I agree. but alot of large corporations do so with debt because debt is cheap with ridiculously low interest rates, then they reap the benefits with less risk than the middle class. But that only accounts for assets not cpi