Crushing the labor market is one half of why Musk and Trump want to cause a recession. This is the other half. You and other working people will be wiped out but that creates "buying opportunities" for those with enough capital accumulated to weather the storm.
Reposted from
Matt Novak
BlackRock's Larry Fink is on CNN right now saying there's nothing wrong with a potential 50% market pullback because it creates buying opportunities.
Comments
great 🧵 here:
https://bsky.app/profile/adapalmer.bsky.social/post/3lfq3zj5z4l2p
You now have a market flooded with skilled labor taking lower wages just to be employed.
Worries had been rising about a worst-case scenario for the economy and for the Fed, one where economic growth was stagnating but inflation remained high. The Fed has no good tool to fix such “stagflation” because lower interest rates can push inflation higher.
Amazing they've ever gotten away with saying they're good for the economy.
https://bsky.app/profile/adapalmer.bsky.social/post/3lfq3zj5z4l2p
Worries had been rising about a worst-case scenario for the economy and for the Fed, one where economic growth was stagnating but inflation remained high. The Fed has no good tool to fix such “stagflation” because lower interest rates can push inflation higher.
having the resources to weather and even to PROFIT FROM hard times.