• shalafi@lemmy.world
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    6 days ago

    For those of you cheering for the AI bubble to pop…

    AI investments now accounts for about 40% of the United States’ GDP growth in 2025, and AI companies are responsible for 80% of growth in American stocks.

    …are you not scared shitless?

    This is not the dotcom bust, and it’s far fucking worse than the 2008 housing crisis. And to think when I was young the Savings and Loan crisis was a big deal. We’re on the edge of Great Depression 2.0.

    • Jhex@lemmy.world
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      6 days ago

      …are you not scared shitless?

      the longer the bubble keeps going, the worse it will be… those of us convinced this is already a massive bubble believe the best time for it to pop was yesterday, the next best time is right now

      • bigfondue@lemmy.world
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        5 days ago

        Yea, the best thing for bubbles is to pop early and often before they start snowballing. These companies have negative net revenue and are burning billions. The tech is neat, but I don’t think text generators are going to completely revolutionize industries the way the industry is presenting them. NVIDIA giving OpenAI money to give to Oracle to give back to NVIDIA just screams house of cards.

    • Squizzy@lemmy.world
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      5 days ago

      The best thing about this shit show is el spastico’s trade war having readied other countries for hard times and pushed them to diversify and make new trade deals. The US deserves its suffering completely, and now they will drag the world down less when they shit the bed.

    • Captain Aggravated@sh.itjust.works
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      6 days ago

      What? For my third once-in-a-lifetime economic crisis? There’s no way this isn’t going to suck. We’re all doomed no matter what.

      • shalafi@lemmy.world
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        6 days ago

        You have no clue what “doomed” means if you think what’s coming compares to anything since the Great Depression and WWII.

    • Reygle@lemmy.world
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      6 days ago

      I personally prefer to rip off the band aid than let it stink and get it infected. I’m scared for the time remaining before the pop. This shit is intolerable. Let it “pop”. Let it burn.

    • RagingRobot@lemmy.world
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      5 days ago

      I think you should only be scared if you own AI stocks and I would guess not a whole lot of common people can even afford to invest in stock. Let those rich idiots lose their money. Maybe they will learn a lesson

      • Brave Little Hitachi Wand@feddit.uk
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        5 days ago

        Unfortunately, stocks tend to move in sympathy with each other due to various factors, such as large ETFs and algorithmic trading. Natural price action is kind of broken at the moment.

        • Zink@programming.dev
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          5 days ago

          Absolutely, plus since index funds are cap weighted, ordinary retirement fund investing folks are very much vulnerable to it.

          If I pull up VTSAX (vanguard total stock market index fund) what I find is…

          Sectors: Technology is 38% of the fund and I see 11 sectors listed.

          Top 10equity holdings, in order from the top:

          NVDA MSFT AAPL AMZN META AVGO (Broadcom) GOOGL TSLA GOOG BRK.B (Almost like its own index fund)

          This is fine!!

    • Soup@lemmy.world
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      6 days ago

      Oh no, we won’t be able to afford houses or rent or save for retirement or- hang on just a second…

      Wait, we already can’t do those things, and the last thing I want to do is, once again, validate the existence of people I would prefer to see in little pieces scattered all over the street for all the pain and suffering they’ve caused just to get a little more money on top of their billions.

      • shalafi@lemmy.world
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        6 days ago

        Guessing you have no idea what the Great Depression was like. My parents grew up in it.

        Great Depression: 30% unemployment

        2008 crisis: 4.2% economic contraction

        If you think modern America is bad now, boy oh boy, you’re about to get an education on how bad it can really get.

        • Soup@lemmy.world
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          5 days ago

          Ok? And this is relevant how? I’m Canadian, so pretty tied to the US’s bullshit at the moment, but damn where’s this US bravery I keep hearing so much about?

          Deflection isn’t going to solve your problems.

    • noughtnaut@lemmy.world
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      6 days ago

      Serious question: what if I am, and have no idea how to prep for it?

      My pension and other things are tied up in stocks and such, if there’s a crash coming I’d think cash under the pillow would be better than stocks. But how do you do that, with your pension?

      • 3abas@lemmy.world
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        6 days ago

        I moved the majority of my 401k allocations to international markets and have stopped contributing more than the match minimum. I’ve lost on some serious short term gains but I’m not risking holding the bag with my kid’s future.