| ▲ | inigyou an hour ago | |
It's holding up the entire US stock market and therefore the entire US economy and the dollar value. You probably don't want this particular Atlas to shrug. | ||
| ▲ | cmiles8 an hour ago | parent | next [-] | |
The “Let it burn” attitude doesn’t mean people think they are immune. Yes the overall market will take a hit but, like a forest fire we need a healthy burn to just wipe out the weaker players so the older more mature trees can get on with it. Yes the big trees will get burned a bit but they’ll be fine in the long run. We need a good brush fire to just wipe out all the iffy startups and investors that over-indexed here. Thats what people want with “let it burn.” | ||
| ▲ | Waterluvian an hour ago | parent | prev | next [-] | |
You can’t threaten me with two good times. Long term that would help correct the overemphasis on the U.S. economy and AI. | ||
| ▲ | theideaofcoffee an hour ago | parent | prev | next [-] | |
I do. The faster it happens, the faster a recovery begins and we can devote resources back to doing more practical things. Get it over with as soon as possible, rip the bandaid off, insert your idiom of choice. | ||
| ▲ | delfinom an hour ago | parent | prev [-] | |
It's inevitable though. The funny-money has outpaced actual money by lightyears at this point. On the plus side, our interest rates aren't 0% right now, so there's some room there. On the down side, our national debt generation now exceeds 125% of GDP and bond rates are shooting up because nobody wants to buy our debt. | ||