Comment on The ultra-wealthy just gained $49 trillion in wealth thanks to stocks
mozz@mbin.grits.dev 1 month agoYes
Nobody will say they lost $49 trillion if stock go down next week
They cannot get $49 trillion out of the market by selling all their stocks
It's just a weird misleading framing
originalfrozenbanana@lemm.ee 1 month ago
I guess the difference there is that the wealthy can take out loans and secure assets like houses against their stocks but yes the stock market isn’t real
popcap200@lemmy.ml 1 month ago
I mean, regular people can do that too, just not to the same extent. Robinhood is offering 6.75% now on margin loans, and IBKR has like 6.85% or so.