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Digitalescapetools@sh.itjust.works

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Absolutely No Bailouts! (sh.itjust.works)

submitted 3 days ago by Digitalescapetools@sh.itjust.works to c/digitalescapetooks@sh.itjust.works

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[–] Hyperion@midwest.social 2 points 1 day ago

Short term, sure. But again, that a good thing for them. Prices crashing is only a bad thing for some people. When the stock market tanked in '08 alot of people lost alot of money but the richest people made bank. You're 401k was trashed and tons of millionaires were suddenly broke but guys with billions in liquidity like Warren Buffet started buying whole companies on the cheap. Anyone who had to sell a house was fucked but anyone who could power thru made great returns.