But now we can say the r word, and it only cost a trillion bucks of equities 🤗 so it is totally worth it, and remember if a wall street worker pushes on this you just say “stated VS revealed preferences”
Lindsiria on
This is what might flip the tech bro Trump supporters.
There are a lot of upper middle class Trump supporters in the tech industry that love convenience (DoorDash) and luxury goods (Restoration Hardware). They also tend to be heavily invested in the market for their retirement.
It is these stocks that are crashing. It’s luxuries we *want* but not *need*.
It is the stocks that cater more to the lower class that have actually seen growth.
Wallstreet is very much looking like the middle class is about to drastically shrink/tighten their belts, while the lower class expands.
This likely will cause horrific downstream effects as a huge portion of economy is being driven by the upper middle class right now.
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But now we can say the r word, and it only cost a trillion bucks of equities 🤗 so it is totally worth it, and remember if a wall street worker pushes on this you just say “stated VS revealed preferences”
This is what might flip the tech bro Trump supporters.
There are a lot of upper middle class Trump supporters in the tech industry that love convenience (DoorDash) and luxury goods (Restoration Hardware). They also tend to be heavily invested in the market for their retirement.
It is these stocks that are crashing. It’s luxuries we *want* but not *need*.
It is the stocks that cater more to the lower class that have actually seen growth.
Wallstreet is very much looking like the middle class is about to drastically shrink/tighten their belts, while the lower class expands.
This likely will cause horrific downstream effects as a huge portion of economy is being driven by the upper middle class right now.