Everyone look out, the banks have made their money so it’s time to dump on the poors again.
the banks only make money after the crash, when people can’t pay their loans.
then they have to find baggers for the property they seize, only if they cant flip those in time do they come out ahead
Investment banks and the primary equity market. They’ve already traded their long positions for shorts
Of course, if that’s like in the last Crash, it relies on the Government saving their counterparties so that they can pay them, like the Obama Administration saved AGI so that Goldman Sachs could make lots of money from the Crash as that company was their main counterparty.
like the Obama Administration saved AGI
If Obama saved the AGI why we have to deal with the crappy LLMs? ;p
This specific AGI wasn’t really intelligent…
“It’s a ‘good bubble’” - Bezos
When there are 4 or 5 companies worth over a trillion dollars each, and those companies combine for 60% of the volume and value of the S&P and NASDAQ, and they are all in on ai, well…
Buy ammo, I guess.
No, buy puts.
“The market can stay irrational longer than you can stay solvent”
Can you get money from a non existent economy?
Every market ever has crashed, but the world trudges on.
Remember the Dark Ages?
Things can actually go back, A LOT, if a collapse spreads to a broader society which is weakened by massive inequality and incompetent power elites fully in pillaging mode, were it becomes structural.
And don’t get me started on what happens to a nation that’s the dominant nation of an era, at the end of their Imperial period, which is where the US is at the moment.
It’s just very unlikely to happen in the lifetime of anybody (so people are prone to the falacy of thinking “this will never happen”), but definitelly happens as History shows us.
Will it get that bad? No idea.
Can it? Absolutelly.
