this post was submitted on 07 Mar 2025
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Economy

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$1.15 trillion was wiped out from the US stock market today. (feddit.uk)
submitted 1 year ago by sirico@feddit.uk to c/economy@lemmy.world
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[–] MirthfulAlembic@lemmy.world 17 points 1 year ago

Regular recessions are a boon to the wealthy vultures of the world. It allows them to snatch up more wealth from the desperate at a deep discount, since they can afford to weather a temporary downturn.