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A comment on The world is sitting on a $400T financial time bomb (2017). Parent comment

Re:The world is sitting on a $400T financial time bomb (2017) by gnosis89 on Monday October 28, 2019 @04:57PM (#21381575)
Selling assets is actually worse than going into debt. I know plenty of people who would not be able to afford paying their bills without going into debt if they had an unexpected 400 dollar charge. The delusion that wealth inequality and massive economic impoverishment is a myth in America is insane. Get out of your bubble.

https://www.federalreserve.gov/publications/files/2018-repor...

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Re:The world is sitting on a $400T financial time bomb (2017) by foogazi on Tuesday October 29, 2019 @02:10AM (#21384595)
Assets are a resource you hold instead of holding cash

It’s things you bought that you can sell to access those $400

not selling those assets and going into debt is a choice

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Re:The world is sitting on a $400T financial time bomb (2017) by gnosis89 on Monday November 04, 2019 @12:06PM (#21443713)
False. Assets are a resource with economic value that are expected to provide a benefit. If that benefit is worth more than the current cash value, you actually lose more by selling it. You're free to make stupid choices though, like wrongly defining what assets are.
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