I'd like to challenge the idea that mean reversion in asset prices will reduce inequality. Stock and bond trading (as opposed to investing) is by-and-large a zero-sum game: for every winner there is a loser and vice-versa. An asset price crash will just transfer wealth from some rich folks to other rich folks.
An objective description in this age of extremes, but I have one problem with how you describe housing. Here in Europe it is Blackrock that is bringing homelessness, what it has mastered in the US. Simply see the number of rental units acquired and all the dirty tricks to throw people out. That is the cause of rent explosions EU-wide!
I'd like to challenge the idea that mean reversion in asset prices will reduce inequality. Stock and bond trading (as opposed to investing) is by-and-large a zero-sum game: for every winner there is a loser and vice-versa. An asset price crash will just transfer wealth from some rich folks to other rich folks.
An objective description in this age of extremes, but I have one problem with how you describe housing. Here in Europe it is Blackrock that is bringing homelessness, what it has mastered in the US. Simply see the number of rental units acquired and all the dirty tricks to throw people out. That is the cause of rent explosions EU-wide!