Burn, baby, burn.
Can this even happen? Practically every country bank invests in the S&P500 so unfortunately the entire world feeds this piggy bank for billionaires.
If the panic starts, there could definitely be a market collapse. This has happened before, and the rich will pull their money out of liquid assets into shit like property, so they’ll be fine. Then they’ll swoop in and buy shit on the cheap. These crashes act as a really effective wealth transfer vehicle where majority of the population is forced to let go of tangible assets, and the truly rich can scoop them up.
Okay, yes, but to be fair this is like the only thing Jeremy Grantham ever says
True, but there are good reasons to think he’s right this time. The whole market is being propped up by the AI bubble, and now that inflation is sticky, there might be no choice but to raise rates which will cool investment on which the bubble is riding. On top of that, the oil shock is going to raise energy prices which further cools the economy. Seems like a perfect storm here.
poooooop already cmon.
this is dragging on. i just hope it’s sufficient to stop the empire on their tracks, at least for a while.
good news is the longer they manage to keep the bubble going, the worse the crash will be when it inevitably comes
