this post was submitted on 11 Feb 2024
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They're cheaper because people are buying less.
People are buying less because they don't have the money to buy more.
They don't have the money because they're out of a job.
They're out of a job because the economy is in the toilet.
The super rich also love recessions. They still have money. If they want to acquire a company, they can do it for cheaper. The GCF of 2007-2009 is considered to be one of the largest wealth transfers and wealth consolidations in history.