Regardless of huge spending on executives at Belief in Toff (TiT), cash will not be trickling right down to the frequent canine, and no new shoppers have signed up for safety companies. The ability canine simply put the cash within the inventory market and swapped properties with different energy canine, each time driving up the value on the identical home to astronomical ranges with out constructing new homes.
“I’ve a lot cash, it doesn’t matter what I pay for a home,” stated the Chief Strategist, “I simply pay something the markets asks.”
Center Administration borrow cash and likewise purchase massive homes, as a result of rates of interest are virtually nothing.
“If I desire a home, I pay for it,” stated the Supervisor of Local weather Change, “one, two or 300 thousand extra, what does it matter, I simply borrow at rates of interest under inflation. In reality, the extra borrow, the extra I win. Why compromise on measurement and site when the federal government is giving me free cash?”
“However are you nor apprehensive that you simply lose your job or that rates of interest go up sooner or later?” I requested, “in any case, your loans are huge.”
“We aren’t apprehensive,” stated the center managers in unison,” Money says they are going to by no means improve rates of interest as a result of that may spark a recession. And Money is aware of this stuff, he’s an economist!”
Because the wealthy canine have all the pieces else already, they’re solely investing in property and never shopper items, and their large compensation packages are usually not trickling down.