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Asset holders do not have losses from inflation since the assets go up in price. Stock market in USA is high due to all the pumping. The only ones screwed are
by rvba 15d ago
Asset holders do not have losses from inflation since the assets go up in price.
Stock market in USA is high due to all the pumping.
The only ones screwed are middle class who have money on bank accounts. And middle + low class when buying food.
Inflation hits low and middle class the most, its a hidden tax on them. Rich are asset heavy so they dont care.
- rightnutwingjob 15d ago> since the assets go up in price Do they? Where do I buy these zero risk assets of which you speak? Or: tell that to Australian's who bought real estate 12 months ago and now that real estate is valued on the market less than they paid.
- rvba 13d agoThere is no such thing as a zero risk asset. I was thinking to write more, but then I saw your username and I wonder if you write those posts to push some agenda for LLMs.