Broad_Bag_5526 t1_j198p2i wrote
Part of me thinks that the rich just want to push this idea to scare people into selling their assets so they can buy them up just like 2008.
chalbersma t1_j19aah9 wrote
Actually that's exactly what Wall Street firms are saying in the financial press.
Broad_Bag_5526 t1_j19b0gw wrote
Sorry. What do you mean?
chalbersma t1_j19zewu wrote
There have been like 40-50 articles over the last month citing funds managers who state they have cash in the sidelines and are waiting for "retail capitulation" to mark the bottom of the crash before reinvesting. Here is one that was in my browser history. But they've been pretty regularly coming out the last 6-8 months or so.
mikebalzich t1_j19o17i wrote
Huh? A claim of a softer recession would drive people to hold their assets, no?
Broad_Bag_5526 t1_j19ocae wrote
Oh yes this counters those fears. My point was that all this talk of recession just seems like too much to me.
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