All this brings me back to my original question from umpteen years ago that ended up putting me into the Stock Market Watch posts to begin with.
Does it really matter all that much to the grand scheme of things what happens to The Markets?
I'm assuming -- with full knowledge of ass-u-me -- that the Fed's raising of interest rates is what's spooked the markets. But if the Fed doesn't raise interest rates, doesn't that allow inflation to continue to rise, hurting the working folks far more than the uber rich?
And if the markets decline, it hurts the 401K folks, but didn't they all go into that with full knowledge that it's always a gamble? I mean, come on, we've been watching this since 2008 at least -- and some of us go back to '87 -- so at what point do we just say enough is enough and let it drop back into the realm of reality?
The rich won't be hurt by this. They'll scream and cry that they are and that the Fed needs to lower interest rates so they can build another billion-dollar yacht. Where's the relief for the rest of us? Where's the increase in minimum wage, in SS benefits? I'm sure this big scare is now going to axe student loan relief, too, because heaven forbid Bezos or Musk or a Walton lose a billion or two.
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