The easiest way to wealth transfer to the rich

28 août 2020

I half expected but didn't bet on the all new highs on the Sp500 as I thought that this would be the easiest way for the rich to make money. If I think of the stock market as purely a way for the rich to make money from middle class and poor, this would be it - inflation of essential goods will rob the poor, necessitating interest rate hikes. These hikes will be ineffective, and result in debt of companies (except those FAAGM and chosen by the rich to capitalize) will spiral resulting in many going bust and resulting in FAAGM making almost the entire index and dominating the world. Thinking out, again, it will probably stretch longer than this with peak in 2-3 years since easy money has been made now.