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Oct 17, 2022 • 13 tweets • 7 min read
About two years ago, financial influencers were everywhere.
But now these influencers have gone quiet — and average investors are paying the price, @thisisinsider’s @lopezlinette writes. 👇 businessinsider.com/wall-street-cr…
In a market bubble, it's easy to confuse opportunity for genius. But when the market tanks, a lot of those brilliant operators disperse, Lopez says.
Every once in a while on Wall Street there's a "washout": a cataclysmic shift in the market that swaths of the investment community do not survive.
Wall Street is currently teetering on the edge of such an event. But why now? @lopezlinette explains. 👇
businessinsider.com/wall-street-wa…
Before the pandemic, the most pressing problem for central banks was the recovery from the financial crisis. The Federal Reserve kept interest rates historically low to encourage banks to give out loans and juice the economy.