No good outcome here
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[–] 11 points 5 months ago (2 children)

I don't think the AI crash would effect the daily life and real life job, industries. Its effects will be limited companies that are invested in this bullshit, which are running this long term pump and dumb con.

In the end this bullshit doesn't have real value in the market like food or healthcare. All they have to show for is some bullshit evaluation on paper and they have nothing real to show for these trillion dollar companies.

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  • [–] 9 points 5 months ago

    Its effects will be limited companies that are invested in this bullshit, which are running this long term pump and dumb con.

    The effects of the housing bubble will be limited to the lenders and borrowers of subprime mortgage debt.

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  • [–] 4 points 5 months ago

    A fair few of the companies would also never be allowed to go under. Microsoft, Google, Oracle, Amazon, etc are basically insulated from any ill-effects, because they would considered too big to fail, and be bailed out if anything major happens.

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