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Bezos has divested $12.5 billion worth of Amazon shares, while Warren Buffett has disposed of his Apple stock investments and is now sitting on a staggering $325 billion in cash reserves. (lemmygrad.ml)

submitted 5 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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These actions suggest that we may be standing at the precipice of the largest financial bubble in history, which they seem to believe is about to burst imminently.

https://breakingthenews.net/Article/Amazon%27s-Bezos-sells-dollar1.25B-worth-of-shares/63056547

https://www.wsj.com/finance/investing/does-warren-buffett-know-something-that-we-dont-48fabc9d

https://www.forexlive.com/stock-market-update/buffetts-berkshire-hathaway-hoarding-cash-in-a-pattern-seen-before-the-financial-crisis-20241112/

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[–] Comprehensive49@lemmygrad.ml 17 points 5 months ago* (last edited 5 months ago) (4 children)

Will this happen before or after Trump is in office? I feel like if the capitalists initiate the collapse during Biden's admin, they could get away with a lot more stuff under Trump.

They could also be changing stocks into cash simply because they expect higher interest rates for it under Trump.

[–] letranger@lemmygrad.ml 4 points 5 months ago* (last edited 5 months ago) (1 children)

sorry, what is a higher interest rate mean? isn't that a good thing to have a higher interest? so you can get more money from your stock investment?

should i uh, take my life savings out of the stocks?

[–] bennieandthez@lemmygrad.ml 4 points 5 months ago

Depends, it's certainly a good thing if you're a bond holder, you're getting more returns for your money. But its a bad thing for everyone else, higher interest rates means higher mortgages, car loans, credit card debt, student loans, business loans, etc...

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