Re:Making sense of what’s going on in the housing market
by lend000 on Wednesday April 21, 2021 @05:35PM
(#26895740)
Market corrections are natural and useful. Every time we print huge sums of money to rescue equities and make debt cheaper, who benefits?
Those with a high ratio of assets/credit to living expenses.
While market corrections create a higher degree of short term pain, allowing them for the last five decades would have gone a long way in preventing the increase in wealth inequality.
It doesn't make sense that investing in SPX is a guaranteed long term 10%/annum investment while nominal GDP growth is under 3%. It's an engineered phenomenon and benefits those who already have a lot of assets.
Those with a high ratio of assets/credit to living expenses.
While market corrections create a higher degree of short term pain, allowing them for the last five decades would have gone a long way in preventing the increase in wealth inequality.
It doesn't make sense that investing in SPX is a guaranteed long term 10%/annum investment while nominal GDP growth is under 3%. It's an engineered phenomenon and benefits those who already have a lot of assets.