teddit

an observation (that may come off as insensitive):

some of the people with the strongest emotional reaction to the recent market downturn are those whose near-term lives won't materially change.

no immediate plans to buy a home, retire, pay for school, etc. no liquidity needs, no LPs to whom they need to deliver.

helping build farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud”

I don't think that's accurate necessarily. But my presumption is that companies are going to have to fold because their entire strategy is around cheap imported goods and people will lose their jobs