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Factor out the AI companies doing circular dealing to juke their stock price and GDP growth was like 0.1% combine that with purchasing power loss and US economy
by noir_lord 1y ago
Factor out the AI companies doing circular dealing to juke their stock price and GDP growth was like 0.1% combine that with purchasing power loss and US economy is net negative.
It's pretty clear what happens next.
Over 42 million people are about to lose their SNAP payments in 4 days[1] and millions more medical care.
It's gonna get bad.
https://www.bbc.co.uk/news/articles/c4g7d9j7p5qo https://www.bbc.co.uk/news/articles/c4g7d9j7p5qo
- drstewart 1y ago"Exclude data I don't like, combing it with other data that's unrelated in unknown ways, and voila: DOOM!"
- raw_anon_1111 1y agoThe only publicly traded companies that are involved in what could be considered circular dealings in enough volume to affect their stock price are Nvidia and Oracle.
- johnnyanmac 1y agoSo, the company that, by itself, is 10% of the S&P 500. I never would have bet on an Nvidia crash alone being what causes the 21st century great depression, but reality is alwways stranger than fiction.