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0 pointsitake1y ago0 comments

Also the rich have cash flow and can continuously invest during crashes.

The top 10% aren’t losing their jobs in a crash, but the bottom 50% might.

So while the top 10% keeps investing and will maximize the recovery, the bottom 50% will cash out at the bottom and won’t return to invest for years after their emergency fund has recovered.

0 comments

JumpCrisscross1y ago

> the rich have cash flow and can continuously invest during crashes

There are a lot of levered rich people. Musk would be screwed if he got margin called on Tesla.

itakeOP1y ago

I remember reading during covid about how Zuck lost billions in a single day. But he never lost his job. Meta kept paying him and he continued to invest throughout covid.

actionfromafar1y ago

So you are telling me there is hope after all?

(I mean, unless there's a federal ruling that it's unconstitutional to let a Musk and his money part ways.)

Jensson1y ago

Hope for what? Who would benefit?

1 more reply

itakeOP1y ago

I think its less than you think, but certainly not zero.

Even if Musk filed bankruptcy yesterday, he would still end his life a multi-billionaire.

suraci1y ago

when Musk and you are both screwed, which of you can get the big money from the government

j / k navigate · click thread line to collapse

0 pointsitake1y ago0 comments

Also the rich have cash flow and can continuously invest during crashes.

The top 10% aren’t losing their jobs in a crash, but the bottom 50% might.

So while the top 10% keeps investing and will maximize the recovery, the bottom 50% will cash out at the bottom and won’t return to invest for years after their emergency fund has recovered.

0 comments

JumpCrisscross1y ago

> the rich have cash flow and can continuously invest during crashes

There are a lot of levered rich people. Musk would be screwed if he got margin called on Tesla.

itakeOP1y ago

I remember reading during covid about how Zuck lost billions in a single day. But he never lost his job. Meta kept paying him and he continued to invest throughout covid.

actionfromafar1y ago

So you are telling me there is hope after all?

(I mean, unless there's a federal ruling that it's unconstitutional to let a Musk and his money part ways.)

Jensson1y ago

Hope for what? Who would benefit?

1 more reply

itakeOP1y ago

I think its less than you think, but certainly not zero.

Even if Musk filed bankruptcy yesterday, he would still end his life a multi-billionaire.

suraci1y ago

when Musk and you are both screwed, which of you can get the big money from the government

j / k navigate · click thread line to collapse