• Comprehensive49@lemmygrad.ml
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    3 days ago

    Will this happen before or after Trump is in office? I feel like if the capitalists initiate the collapse during Biden’s admin, they could get away with a lot more stuff under Trump.

    They could also be changing stocks into cash simply because they expect higher interest rates for it under Trump.

    • letranger (he/him)@lemmygrad.ml
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      3 days ago

      sorry, what is a higher interest rate mean? isn’t that a good thing to have a higher interest? so you can get more money from your stock investment?

      should i uh, take my life savings out of the stocks?

      • 小莱卡@lemmygrad.ml
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        2 days ago

        Depends, it’s certainly a good thing if you’re a bond holder, you’re getting more returns for your money. But its a bad thing for everyone else, higher interest rates means higher mortgages, car loans, credit card debt, student loans, business loans, etc…