@return2ozma to A Boring Dystopia • 2 months agoThe ultra-wealthy just gained $49 trillion in wealth thanks to stockswww.cnbc.comexternal-linkmessage-square9arrow-up1225arrow-down110cross-posted to: [email protected]
arrow-up1215arrow-down1external-linkThe ultra-wealthy just gained $49 trillion in wealth thanks to stockswww.cnbc.com@return2ozma to A Boring Dystopia • 2 months agomessage-square9cross-posted to: [email protected]
minus-squaremozzlinkfedilink9•2 months agoYes Nobody will say they lost $49 trillion if stock go down next week They cannot get $49 trillion out of the market by selling all their stocks It’s just a weird misleading framing
minus-square@[email protected]linkfedilink9•2 months agoI guess the difference there is that the wealthy can take out loans and secure assets like houses against their stocks but yes the stock market isn’t real
minus-square@[email protected]linkfedilink6•2 months agoI mean, regular people can do that too, just not to the same extent. Robinhood is offering 6.75% now on margin loans, and IBKR has like 6.85% or so.
Yes
Nobody will say they lost $49 trillion if stock go down next week
They cannot get $49 trillion out of the market by selling all their stocks
It’s just a weird misleading framing
I guess the difference there is that the wealthy can take out loans and secure assets like houses against their stocks but yes the stock market isn’t real
I mean, regular people can do that too, just not to the same extent. Robinhood is offering 6.75% now on margin loans, and IBKR has like 6.85% or so.