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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-b

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.

esseph 3mo ago
If you have a 401k, you likely have AI investments.
- bdangubic 3mo ago
  so 35% of americans are affected :)
  - esseph 3mo ago
    59% of US adults.
rwz 3mo ago
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.
- thrance 3mo ago
  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.
donavanm 3mo ago
> 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.
- tavavex 3mo ago
  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 3mo ago
    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.
    - tavavex 3mo ago
      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.
    - sph 3mo ago
      > 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.)
  - darth_avocado 3mo ago
    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.
    - tavavex 3mo ago
      I know, that's what the second paragraph of my comment says.

esseph 3mo ago

If you have a 401k, you likely have AI investments.

bdangubic 3mo ago
so 35% of americans are affected :)
- esseph 3mo ago
  59% of US adults.

rwz 3mo ago

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.

thrance 3mo ago
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.

donavanm 3mo ago

> 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.

tavavex 3mo ago
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 3mo ago
  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.
  - tavavex 3mo ago
    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.
  - sph 3mo ago
    > 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.)
- darth_avocado 3mo ago
  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.
  - tavavex 3mo ago
    I know, that's what the second paragraph of my comment says.