Post #3518291
2025-10-31 17:55 UTC
Replies (3)
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@ploum@mamot.fr 2025-10-31 18:00
@rlcw@ecoevo.social @simagick@freeradical.zone @rootwyrm@weird.autos @MedeaVanamonde@beige.party @pndc@social.treehouse.systems @cstross@wandering.shop : because a lot of the money sustaining the bubble is public money. Also, so many companies are invested in this bubble that the pop will result in massive layoff. My bet is that it will have a lot more casualties than in 2008 (while, as an European not having any invested money in 2008, I didn’t fell anything of that crash)
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@david_chisnall@infosec.exchange 2025-11-01 09:13
@rlcw@ecoevo.social @simagick@freeradical.zone @ploum@mamot.fr @rootwyrm@weird.autos @MedeaVanamonde@beige.party @pndc@social.treehouse.systems @cstross@wandering.shop If only the rich invested, it would be fine. The problem is that tech stocks have been the only solid growth stocks for so long that a lot of pension funds are over exposed. A lot of banks have loaned money to ‘safe’ companies that are building a house of cards. When the bubble bursts, a load of pension funds will be unable to make payments. Banks will experience large numbers of loan defaults. The ones that are still solvent will need to put up interest rates to cover their losses, which will cause a massive dip in liquidity throughout the market. This leads to unrelated companies needing to reduce costs, which includes reduction in workforce. So now you also have rising unemployment and more stress on the social safety nets for those folks. If it were just rich people gambling, I’d be stockpiling popcorn.
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@MissConstrue@mefi.social 2025-11-01 21:45
@rlcw@ecoevo.social @simagick@freeradical.zone @ploum@mamot.fr @rootwyrm@weird.autos @MedeaVanamonde@beige.party @pndc@social.treehouse.systems @cstross@wandering.shop Because thanks to the Guardians of Pedophiles, most Americans have a retirement plan that is invested in the us stock market. If American, you probably have a 401k. That plan is 100% stocks. You may or may not or have the ability to decide which stocks, but they are invested in the Market. Unlike traditional stock funds, you don’t have the ability to pull it all out, or bet against the market, or do anything else timely. As of the first quarter of 2025, Americans had $12.2 trillion invested in 401(k) plans, according to the Investment Company Institute. If the market fails, the vast majority of working class Americans will see retirement evaporate. Most Americans have less than $1500 in savings outside of 401s. A crash like the one coming will make the Great Depression look fun.