

24·
16 hours agoI’m not an economist, but is this where we
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Lower interest rates to “help the economy”
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Normal people still can’t afford things because we’re in a recession
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Normal people start losing their homes
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Rich people have cheap loans to buy said homes due to interest rate drops
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Rich people rent out new homes to normal people for more than they were paying in mortgage, after normal people rebound or figure out how to make it work with two families in the home
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America is…great?
Sure was. After Pell Grant and whatnot, I only needed most of my subsidized loan to live on campus at a private four year college.
It feels weird to be old enough to watch us repeat that cycle but with more fascism this time. At least I learned to always live in fear and anxiety that everything could be lost in a moment, so now my emergency fund is decent.