I’m banking on the resulting stupid-low interest rates to refi my mortgage to help survive the guaranteed crash after. Not even joking. Great sympathy to those for whom that’s not an option. I figure there is an outside chance that such a move will fail to drop rates to the level it normally would because banks will also be worried, in which case I guess I’m just screwed as much as everyone else.
Damn whoever used that “may you live in interesting times” curse once to many times.
My fear is that something like this will happen, a bunch of well off people will take advantage, the lower classes will get clobbered much more than they have so far and transition to actual unrest.
Damn whoever used that “may you live in interesting times” curse once to many times.