General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums2.1 Trillion lost (now even more) - The true "Trickle Down" effect to begin
That money lost in investment, stocks, businesses, and industry will eventually trickle down to lay-offs, firings, unemployment, and closed factories. Once again, the rich are going to screw the middle class - they will have to recoup that money somewhere, somehow.
Wonder what we can expect ? A world-wide recession?
Or, "Is the only thing we have to fear is fear itself"?
The_Casual_Observer
(27,742 posts)More people will go to his golf course.
orwell
(7,773 posts)...equate to "the rich are going to screw the middle class?"
When markets collapse the effects are felt by everyone including the rich.
Welcome to "the Revolution..."
99th_Monkey
(19,326 posts)and the poor will have no roof over their head and be eating cat food.
Not exactly the same thing in my book.
pampango
(24,692 posts)Let's just hope that only Donald comes out in favor of that idea and not any liberal politicians.
bemildred
(90,061 posts)And it is difficult to see how they are going to get all the suckers to jump back in too.
Maybe they will try the "bail ins" this time.
vintx
(1,748 posts)It would suck to be a British citizen working elsewhere in the EU, or vice versa
safeinOhio
(32,676 posts)to figure out how they are going to bail out any rich people or big banks that lost a nickel or two.