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Let's just say this point needs further exposition. Your argument appears to be that the stock market won't drop because stocks are held by members of the publ
by ajross 1y ago
Let's just say this point needs further exposition.
Your argument appears to be that the stock market won't drop because stocks are held by members of the public whose opinions are controlled by technology? Or... that robots are holding the stock?
It doesn't have the rhetorical punch, but my boring traditional economics opinion is that it's probably a bubble because realized profit from these overvalued stocks is too far out in the future to buffer the inevitable liquidity shocks inherent in modern economies. Eventually someone will come up short and have to dump, and we'll get a feedback loop.
But admittedly robots are more fun.
- willyxdjazz 1y agoHhajja
- re-thc 1y ago> it's probably a bubble because realized profit from these overvalued stocks is too far out in the future to buffer the inevitable liquidity shocks inherent in modern economies You just need to save the bubble with an even bigger bubble.