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supersquirrel@lemmy.ca to collapse of the old society@slrpnk.net ·
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19 days ago

'Canary in the coalmine' for a major Wall Street collapse, analysts warn

www.abc.net.au

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'Canary in the coalmine' for a major Wall Street collapse, analysts warn

www.abc.net.au

supersquirrel@lemmy.ca to collapse of the old society@slrpnk.net ·
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19 days ago
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The cost of insuring against a debt default by Wall Street's tech titans has hit record levels. Soaring debt and rising interest rates have investors fretting about a potential collapse.

looks at AI, Silicon Valley and US big tech companies

DRACARYS Ed Zitron!! DRACARYS!!!

a roaring jet of pure fire arcs overhead

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  • Carmakazi@piefed.social
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    19 days ago

    If that debt collapses uninsured that means that anyone who holds an IRA, 401k, or market ETF is a major, catastrophic bagholder. Not something I would cheer on.

    • supersquirrel@lemmy.caOP
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      19 days ago

      You are right, but while I get real schadenfreude from this I am well aware it is NOWHERE near worth the human cost.

      The thing is I have always treated the possibility/inevitability of this eventuality seriously so I am going to keep laughing while I cry because it helps me.

      Also save your breath for the people who are responsible for this, I never advocated for a single step down the path of this deathcult.

    • IchNichtenLichten@lemmy.wtf
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      19 days ago

      “Just don’t fucking dance”

      https://www.youtube.com/watch?v=0k5aVLi_yhM

    • Clocks [She/They]@lemmy.ml
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      19 days ago

      Thanks goodness most of mine is international!

  • John Richard@lemmy.world
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    20 days ago

    What monstrosity will we get in 2028 if Democrats win both the House and Senate in midterms, and then continue Trump’s Iran War and goes along with a bailout when the AI bubble collapses?

    • jaybone@lemmy.zip
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      19 days ago

      Both sides 💦🍆

      • John Richard@lemmy.world
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        19 days ago

        Genocide supportera say what?

        • jaybone@lemmy.zip
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          19 days ago

          I said 💦🍆

collapse of the old society@slrpnk.net

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