Comment on US AI stock sell-off shakes markets from Wall Street to Asia

Maeve@kbin.earth ⁨3⁩ ⁨weeks⁩ ago

• SlippiHUD@piefed.social ⁨3⁩ ⁨weeks⁩ ago

  The sooner it crashes the better, because the longer this goes on, the more pensioners and retirememt funds will be the ones left holding the bag.

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  • definitemaybe@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

    100%. It’s impossible to time a crash, but I’m so ready for the circular investment house of cards to come falling down.

    The longer this goes on, the more wasted “investment” there will be in the sunk costs of datacenters for demands that will never exist, and the worse the recovery will be.

    I doubt we’ll see an 89% 1929-level drop in the markets, but 80% wouldn’t surprise me. It’s going to be very hard for a lot of people if market loses that severe materialize.

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• its_me_xiphos@beehaw.org ⁨3⁩ ⁨weeks⁩ ago

  \o/2_^

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