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 know anybody freaking out about the market downturn, those are probably mostly very wealthy people who own a lot of stocks and like you said, their lives won't materially change much. What I see people lamenting is the coming massive inflation of food, housing, medical supplies, and everything else we need to live our lives on top of already brutal cost of living crunch and real wages stagnant since the 1970s. People can't figure out how to pay rent and avoid medical or student debt bankruptcy, that's the core economic unease right now not the prices.