The thing about financial bubbles is that once we realize the bubble has burst, we (people with little or no money) have already lost most or all our money.
The richest get to decide when to deflate the bubble.
The only thing the rest of us can do is to try to survive the fallout.
Idk, poor people definitely decided when the hoise bubble popped since we reached critical mass on mortgage defaults, making mortgage backed securities insolvent. So we did get to stick it to bankers by…
Well they’re not really deciding to deflate, they’re trying to outdo each other and deflation is a tactic of winning. It’s like, two rich people having a gun fight in a cafe with full-on autos, and we’re the patrons.
The thing about financial bubbles is that once we realize the bubble has burst, we (people with little or no money) have already lost most or all our money.
The richest get to decide when to deflate the bubble.
The only thing the rest of us can do is to try to survive the fallout.
Idk, poor people definitely decided when the hoise bubble popped since we reached critical mass on mortgage defaults, making mortgage backed securities insolvent. So we did get to stick it to bankers by…
checks notes
…getting our homes forclosed on?!?
That’s rough
Well they’re not really deciding to deflate, they’re trying to outdo each other and deflation is a tactic of winning. It’s like, two rich people having a gun fight in a cafe with full-on autos, and we’re the patrons.
blood everywhere, completely destroy building, everything wrecked
“…why the fuck did you do that?”
“I had to win.”