Do recessions make the rich richer?

1. 73

   Kathleen Cochranposted 2 weeks ago

   https://www.forbes.com/sites/danalexand … president/
   
   https://www.newtraderu.com/2025/03/09/1 … recession/

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      Kyler J Falkposted 2 weeks agoin reply to this

      I would not say that it makes the rich richer though that description is apt. More so I would say that recessions allow for redistribution of wealth en masse.
      
      For me personally, these hard dips have afforded me the opportunity to lower my averages and diversify. Technically I'm operating at a loss liquidity-wise, but my unrealized gains would tell you that not only am I operating at a profit, but also making up for purchases of stock I made previously. I also copy several prominent CEOs, and senate and congress members' trades using trade disclosure tracking sites, and it feels much like how insider trading is described to the letter, so that only gives further credence to the claim the rich get richer during a recession.
      
      I've been actively trading for about four years, and in all honesty it feels like one big, meaningless casino where the house always wins. Only reason I continue to play with it is because I've found tools to copy the insiders, I have the liquidity to blow, and so far I have not suffered any meaningful losses while almost fully automating most of my trades.

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   2. 85

      Sharlee01posted 2 weeks agoin reply to this

      Do recessions make the rich richer?  I will stick to your questions
      
      Recessions definitely hit hard for most people, but the rich often come out of them in a better position. While it's frustrating to see how the wealthy can profit when markets are down, they also play a crucial role in helping the economy recover. When the economy shrinks, wealthy individuals or companies are often in a position to invest in struggling businesses or buy assets at a discount. This can help save jobs and stabilize industries that would otherwise collapse.
      
      They also contribute a lot in taxes, which supports public programs like unemployment benefits and stimulus packages. Without that, the government would have to rely more on borrowing, which could make things worse in the long run. On top of that, many wealthy people are involved in philanthropy, giving back through donations that help fund healthcare, education, and relief efforts.
      
      But here’s where things get tricky: if a country doesn’t have a wealthy class, the impact of a recession can be way worse. Without the ability to invest or create jobs, the government would have to carry the entire weight of recovery, which isn’t sustainable. The absence of the rich could lead to a slower recovery, fewer resources, and potentially higher taxes for everyone else.

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2. 61

   Willowarborposted 2 weeks ago

   Trump seems to think so...
   
   
   Trump (2012): "I do better in bad markets. I buy things in bad markets. You can't do that in a great economy. There's a lot of opportunity I find in the bad times."
   Below is the video...
   https://x.com/Ronxyz00/status/1908618343868747859

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3. 61

   Willowarborposted 2 weeks ago

   Listen to them laugh about it...
   
   https://x.com/Megatron_ron/status/1910238378064257143
   
   These are some sick SOB's
   
   Is this his biggest con job yet?
   
   Trump manipulated the stock market so he and his rich ass kissers could buy low/sell high and earn huge profits when the tariffs were lifted?

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   1. 85

      tsmogposted 2 weeks agoin reply to this

      Yup, he is manipulating the market either by default through ignorance as in no idea what will happen and then follow with a 'reaction' or has a master plan seeking to benefit the upper echelon as well as himself. Did you see where Majorie Greene . . .
      
      Marjorie Taylor Greene Buys The Dip: Congresswoman Purchases Shares Of Apple, Amazon, Nike And More Following Tariff-Related Sell-Off Yahoo Finance (Apr 9, 2024)
      https://finance.yahoo.com/news/marjorie … 42521.html
      
      Curious about Congresspersons stock trades. Bookmark
      
      Capital Trades
      https://www.capitoltrades.com/trades

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4. 61

   Willowarborposted 2 weeks ago

   It's market manipulation and these fools have no answer for it...
   
   https://x.com/hissgoescobra/status/1910046151744630824

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5. 61

   Willowarborposted 2 weeks ago

   We need an SEC investigation into how many of Trump's donors, House & Senate Republicans, cabinet and family members shorted the market on April 1st & covered their positions on April 8th....Art Of The Steal...

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      Sharlee01posted 2 weeks agoin reply to this

      I’ve gotta say, this statement is completely over the top. You're accusing Trump’s donors, Republicans in Congress, his cabinet, and even his family of shorting the market on April 1st and covering on April 8th — without a shred of evidence. That’s not just speculation, it’s full-blown conspiracy theory territory.
      
      If there’s actual proof of insider trading or market manipulation, then sure, the SEC should investigate — but to just throw out wild accusations with no specifics, no trades, no data, and no context for why those dates even matter? Come on. That’s not how real investigations work.
      
      Using terms like “Art of the Steal” might sound clever, but it adds zero substance. It just sounds like a political hit job dressed up as financial outrage. If someone wants to be taken seriously, bring the receipts — otherwise, it’s just noise.   
      
      I am out--- all kinds of crazy going on here.

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      1. 61

         Willowarborposted 2 weeks agoin reply to this

         Without a shred of evidence? Do you mean like the investigation he's launching into two private citizens Miles Taylor and Christopher Krebs?  Yes, Let's have an investigation to to determine if laws were broken.  What's good for the goose...

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