Holding shares through it instead of selling near the top is counterproductive, no bank is going to let you use such volatile shares as collateral that only happens with stable stocks. You cash out and buy into other more stable assets and maybe use some cash to buy back into the stock after it drops back down if you still believe in it.
Personally I think the diversity hire will jack the interest rates up their all at once. Maybe at least 10 to 20 basis points. That will really cause problems for the economy.
Besides that, raising rates would take money away from us and cause even bigger problems than hyper-inflation. Besides, the plan is for everyone to "own nothing and be happy."
So if moass happens, do we want to sell for cash and buy gold/property or hold shares through moass?
Holding shares through it instead of selling near the top is counterproductive, no bank is going to let you use such volatile shares as collateral that only happens with stable stocks. You cash out and buy into other more stable assets and maybe use some cash to buy back into the stock after it drops back down if you still believe in it.
I dunno, I kinda see Powell as the good-bad guy here. Raising the rates is hurting the ECB, which hurts the WEF.
Personally I think the diversity hire will jack the interest rates up their all at once. Maybe at least 10 to 20 basis points. That will really cause problems for the economy.
Besides that, raising rates would take money away from us and cause even bigger problems than hyper-inflation. Besides, the plan is for everyone to "own nothing and be happy."