Monday, March 2, 2020

Bougie econ Youtuber


With the recent events on the stock market, youtubers like Graham Stephan not only dismiss it as a crash solely caused by the spread of the virus, but he continues to say recessions are the best opportunity for wealth because "stocks are at a discount now"Somehow, people respond positively to this. It's ridiculous. The man seems to think he knows more than the majority of investors, many of whom are far wealthier than he is. He even used his buying a house at $70,000 after the '08 housing crisis as a premise, as if most people during a recession can afford to buy a house of any kind purely for an investment.What do you think/take from this? via /r/communism https://ift.tt/2VCKkqP

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