I just want to add that the crash will take down the entire economy, not just AI and tech companies.
Simply by subtracting AI companies from the equation, the US is already in a pretty substantial recession. The process of them crashing out will make that even worse.
Thanks for noting this. People get all gleeful without knowing how connected everything is. The other thing I like to remind them is that fatcat bankers aren’t the only ones invested in the stock market. Regular people with 401ks or college savings set aside for their kid are exposed as well.
I just want to add that the crash will take down the entire economy, not just AI and tech companies.
Simply by subtracting AI companies from the equation, the US is already in a pretty substantial recession. The process of them crashing out will make that even worse.
Thanks for noting this. People get all gleeful without knowing how connected everything is. The other thing I like to remind them is that fatcat bankers aren’t the only ones invested in the stock market. Regular people with 401ks or college savings set aside for their kid are exposed as well.