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A comment on Fed raises rates by another 75 bps to fight inflation. Parent comment

Re:Fed raises rates by another 75 bps to fight inflation by themitigating on Wednesday September 21, 2022 @05:09PM (#32931557)
Just to note the rich almost never suffer in real terms, like food or housing. They have enough cash on hand to survive any recession or depression even if they lose their businees.

Also bankruptcy laws if someone is going to mention black friday

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Re:Fed raises rates by another 75 bps to fight inflation by bombcar on Wednesday September 21, 2022 @06:50PM (#32932630)
Musk losing 99% of his wealth would still be a quite well off person, someone at the poverty line losing 1% could be in for a really hard time.
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