“Some folks” will get wiped out.
– Consumer Confidence Surges To Highest Since The Last Time Markets Crashed (ZeroHedge, Jan 27, 2015):
Despite stagnant wages, surging jobless claims, and global geopolitical anxiety, US consumers have not been this exuberant since August 2007… a month before the great quant fund blow-up and the top of US equities… But it’s different this time, we’re got money-printing and low oil prices… right? Texas confidence plunged from 119.4 to 111.9 (led by a huige crash in expectations from 95.8 to 83.5). Finally, expectations for higher incomes in the next 6 months surged higher – almost at record levels of hope – despite the slump in hourly average earnings.