mattfca

Person A has a net worth of 2B Person A has a loan at 500M backed by their holdings Stocks drop 50%, Net worth is now 1B Person A buys $500m of stocks Market Recovers 100% Person A now has 2B original holdings and 1B gains, $500m owned = 2.5B

Very simple example, and not the only way to do it - but people need to remember net worth being 500B is not 500B in the bank, and at some point the number doesnt matter

what is incorrect with what they are saying?

thats sort of what you get when you take a bunch of developers opinions as facts on an ever changing global economy.

a lot of comments dont really understand finance; and are just repeating gut feelings they align with

you understand that costs rise on devaluation of the dollar right?

as the usd devalues these stocks will also skyrocket profit/revenue

the classification of a tool being right for the job does not depend on how people use it

someone holding a hammer by the head and failing at getting the nail in doesnt mean a hammer is a bad tool for nailing

this describes me and my experience exactly

you have a fundamental misunderstanding of govermental debt and the US.the US CAN 100%, its not a guess its a fact, spend away their troubles forever.

learn how the global economy is, understand what fiat is, find out what your missing. (first hint, money is a construct - and follow the tbills)

you know what does make the US have to do "painful austerity measures - budget cuts, increased taxes, and the like. It's unpopular to do painful things, but it's necessary for survival" ??

Watch everything the current administration does because they dont understand modern economics and you'll see.

you cant call out a bias when you are doing the exact same thing.

low effort post

I read around 70 space operas a year on my kindle. Before getting my kindle 3 year ago? Nothing. Kindle is amazing for reading at night when my partner is sleeping or while travelling. I use amazon prime and "borrow" the books, only buying a few series I'm hooked on. Overall costs are much lower than other forms of media.