They think they can make money when the market goes up and make money when it goes down by shorting. And then buying up all the devalued assets.
But Musk has a problem with that cycle of grift - his Tesla stock is way overvalued. If it crashes he’s screwed. Though he’ll still be very rich by any normal person’s standards.
So many jokes I could put here!
Yeah, typos, Freudians, whatever they are, they have a tendecy to reveal inner teuths, yeah?
oh yes, so that they can then buy up as much real estate as possible. They saw the 2008 crash and realized that they’d have another opportunity with another collapse like that.
yep. But we’ve all read that Cory Doctorow short story, so… we know how a collapse would really play out for the uber-wealthy and it would not be great for them.
Robert Reich breaks down why the current regime isn’t making groceries cheaper:
My mom has finally been convinced to sell her Florida home, and this is one of the biggest reasons. The insurance costs have gone up exponentially over the past 5 years and are unlikely to go down or even stop, considering FL government has done nothing to address cost of living or even public matters that help normal people. DeSantis has been (relatively) quiet since losing to Trump, but still continues to quietly strip away rights while trumpeting the “Florida has best schools in the nation” flag, which is based on one stat and not really the important one.
Proxy adviser Glass Lewis recommended investors cast advisory votes against the pay of top Goldman Sachs (GS.N), opens new tab executives, citing the Wall Street bank’s “continued inability to align pay with performance” and retention grants that Glass Lewis called excessive.
[…]
Robert Reich discusses ways to tax the rich, the myth of the self-made billionaire, and ending the trickle-down economic policies that benefit the wealthy:
Obligatory…
Just a market correction. In a month, maybe two, there will be so much winning! /s
If you look at conservative sites, like their subreddit, this is exactly what they are claiming. It’s nutty.
Oh I know. Several Republican Congresscritters have said it.
