| ▲ | missedthecue 21 hours ago |
| You're not breaking anything to me. I deliberately phrased it as "directly immune" because I have no financial stake in AI-related companies. Obviously a debt-bomb of any type imploding reverberates across the economy. |
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| ▲ | donavanm 19 hours ago | parent | next [-] |
| > I have no financial stake in AI-related companies so zero exposure to any popular index? Even “ex-US” is tsmc and sk-hynix in a trenchcoat. I think it was BHP exclaiming that theyre an AI play because they cover 85% of the raw materials in DC build outs. In the current mania “no financial stake in AI-related” is a very bold claim. |
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| ▲ | missedthecue 16 hours ago | parent | next [-] | | My point wasn't that I am a hunter gatherer, it's that I didn't have a vested financial motivation to cheer for or be against AI | |
| ▲ | tavavex 17 hours ago | parent | prev [-] | | You can just not have investments, which is more common than you think. Being young, lots of people I know don't even have enough of a cushion to invest, and others want to avoid all risk (especially in the current market) and park their money in a high-interest savings account. Of course, this doesn't insulate you from second- or third-order effects, but it does remove the possibility of your money being immediately wiped out. It's really not as bold or crazy as you say it is. | | |
| ▲ | HDBaseT 17 hours ago | parent | next [-] | | If you work, you inevitably have some investments occurring. But every working adult is invested in the stock market. If you are young, impact is less scary because you still have 20, 30 or 40 years for the market to go back up. | | |
| ▲ | sph 3 hours ago | parent | next [-] | | > every working adult is invested in the stock market Are you aware of the existence of other countries which do not operate like the US? (no mandatory pension fund, etc.) | |
| ▲ | tavavex 4 hours ago | parent | prev [-] | | If you're talking about employer retirement savings, even then not everyone has them, and the young people who do will only have an insignificant amount of assets invested into them due to not having had time to accumulate wealth. |
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| ▲ | darth_avocado 16 hours ago | parent | prev [-] | | As long as you participate in the economy, a recession will get you. Even if you’re poor, homeless and unemployed, people’s generosity towards you in a recession goes down. | | |
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| ▲ | rwz 20 hours ago | parent | prev | next [-] |
| The entire economy collapsing would likely heavily affect you even if you have no financial stake in AI-related companies similarly to how subprime mortgage crisis in the 2000s affected even people without mortgages. |
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| ▲ | thrance 20 hours ago | parent [-] | | In fact, the subprime mortgage crisis impacted the average Joe much more than the fuckers responsible for it, who ran away scot-free with fat money bags. The financial crash that will happen as the result of the AI speculation bubble popping will be the exact same. You won't see Altman or Dario on the streets, that's for sure. |
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| ▲ | esseph 20 hours ago | parent | prev [-] |
| If you have a 401k, you likely have AI investments. |
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