If 75% of the economy is driven by consumer spending, maybe the housing prices should come down. Not only will it bolster consumer spending, the inflation rate will go way down, because housing now accounts for almost half of inflation!
Heat up or cool off, who cares. It’s the rich who benefit, either way.
I mean, the rich probably benefit either way… But I’ve definitely seen times get scarier for the rest of us. So…I care.
53% of the inflation was profits
Do you have a 401k?
Do they waive the fees if you lose money? No they don’t.
I’m simply saying many people have one and they are market dependent.
Except that a 401k was just a vehicle to make money on your money regardless of you were making money on it.
I’m not advocating for 401k here. I’m simply saying you can have one and not be rich, therefore the market impacts more than the rich.
