Quote:
Originally Posted by viruswitshoes
you might see like 5 threads that i tried to start pop up shortly (damn inefficient board) but here was the meat of the thread. i think it applies here: (warning this is largely baseless speculation)
one of my theories is that this is all just a way for those with money to buy stocks relatively cheap and make a killing in a few years. they caused panic so the average american with a fund or 401k would leave the market and they could buy it up for cents on the dollar. same thing is happening with properties i'm sure. everything is dirt cheap and the average person is selling what they can because of the panic or because they cannot afford it.
so in what looks to be a transition to socialism, maybe this is just yet another example of the wealthy figuring out a way to manipulate the market so yet another transfer of wealth takes place.
the paranoid part of me thinks that the wealthy did not like when the class lines were being blurred after the internet/tech boom in the late 90's, because the value of their wealth (social value) was decreasing. so they found a way to sucker people into an artificial housing market and cash in on the devaluation of property and stocks.
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As people try to analyze this to no end this is likely the most simplest of answers. In the past it was called a market correction. This is done to put downward pressure on the market. Being as old as I am I have seen three large market corrections. Each time they come with drops in consumer prices and job loses. This one will likely come with sold recovery after a massive sell off bankers will make out in the end. The Government will shake out the smaller banks and the larger banks will be absorbed byt the huge banks.