Yeah. And then the market can fall in price on low volume, yet owners and investors will still have over 1 trillion loaned.
(800 billion loaned from local banks, or 80% of all mortgages)
Part of the reason this is over 1 trillion is due to these government heroin shots.
Were they really worth it? Were they a smart deployment of your hard earned tax dollars? Sure it might have boosted confidence to prevent a small recession. maybe the difference between 1 and -0.5% growth and maybe half a percentage point in unemployment.
But look at the delayed cost. People have borrowed so much that they have stopped spending, causing the economy to slow and jobs are being lost anyway!
