PLEASE LET COMPUTER PRICES GO DOWN! BURST THAT BUBBLE BABY YEEEEEAH!
if the rest of this year hasn’t convinced everyone that markets aren’t related to reality, nothing will
Let me check, yep, my stock portfolio is still zero.
While I’m at it, yep, my crypto wallet, still zero.
My pension fund, nada.
By capitalist standards, I’m doing great, since I’ve experienced zero losses.
The bean-heavy portfolio pays off once again for the hungry investor! 🫘
Commodities play. Nice.
What is a real estate purchase to be measured in, if not bean futures?
re-fi’d beans
❤️
Money isn’t real, make computer parts cheaper or I will steal them
As always I deliver! One Red Wave, as promised!TIME TO BUY THE DIP!!!
PLEASE LET COMPUTER PRICES GO DOWN!
Sorry, but under the capitalism you only get landfills to keep the prices up.
That thumbnail…
I thought it was
for a second
Fantastic album
I never would have guessed the US election would be the ultimate cause of the AI bubble popping, but I guess I shouldn’t be too surprised. I guess investors can no longer deny how pissed Americans are at the status quo.
Dude, Where’s My Capital?
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
NVIDIA alone was worth over $5 trillion. There’s a lot more to go.
If this is sustained (which we don’t know if it will be yet), it’s great evidence that all the “value” of these companies was not in what they were doing/making, but in the perceived relationships they had with the government and in regulatory capture. This is obviously true, but it’s great to get some conclusive proof.
Some would call that Fictitious Capital.
Some old bearded man as I recall.
no more half measures walter
wait so the average person wont really be affected negatively by this right? like besides techbros and investors.
Small dips in the stock market (despite the headlines this is still small (so far)) hurt…
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people with 401ks - a little, depending on timing. A 401k is a long term investment so it will bounce back, but it can be painful if the dip hits the year you retire
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the ultra rich - a tiny amount that they’ll be a huge baby about. They’re all effectively long term investors so it doesn’t matter and will bounce back, and there’s no practical difference between having 500 billion dollars and 600 billion dollars, but they’re all number addicts so they’ll screech and caw about it all over the media anyway
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people using the stock market as a casino - a lot
Large dips in the market (which this could become) can cause bigger problems, where investors take money out of projects to cover their losses, and then the people who would’ve been paid for those projects can’t find work.
Ok but will it make computers cheaper please say yes please please please my laptop is sooooo oooollllld he needs to retire the poor thing is running on only my love and dreams at the moment
my laptop broke and I need thisI need a new computer too, my laptop is getting so sketchy.
Unfortunately I don’t think computers will be getting cheaper any time soon. At least a year, likely more. Even if the AI bubble popped tomorrow, all the RAM production that’s been pivoted towards data center and GPU use will take time to pivot back.
The small silver lining is that there are ways the bubble could pop where RAM prices just completely crash instead of going back to normal.
so it will bounce back
At some point it won’t because the line always going up is impossible and we’ve got the two horsemen of declining birth rates and climate change out galloping around.
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There will be mass layoffs and everyone with a 401k is taking a haircut. A lot of pension funds are tied up with this nonsense, too.
Tying pensions to stocks has to be the most ridiculously stupid things our society has done
It’s not stupid if you’re a capitalist running the government.
There’s no way on earth the people responsible for this will ever have to suffer the consequences. All of the privilege, none of the responsibility.
I’d love to learn who shorted.
The average person with an office job or at least making enough to afford a retirement account of some kind is going to feel it. Those funds are usually locked up in companies like these and many state and federal jobs limit what you can contribute to, so you couldn’t put together an “ethical” portfolio even if you wanted to do so. Even then, these things trickle down. If big tech companies get hit this hard, every remotely similar company gets hit all the way down because investors aren’t going to hold onto shares of a tiny company while their whales are dying. If someone is close to retirement, it could suck. If they’re still decades away, it probably doesn’t matter.
My job has a lot of people that us “temps” are waiting to retire so that we can take their place as actual employees with benefits.
Are you saying they’re gonna keep their jobs for a few more years?
Shit rolls down hill. Popping the bubble sooner is better than later because it’ll just get worse.
The average person will probably take a loss.
Anyone with a 401k should care literally 0% about this, but most people grossly mismanage their investments and gamble rather than invest in the traditional sense.
If one is in a position to realize losses from this, they 1) have somehow missed the boat on the 5000% market gains in the last few years, and 2) are all-in on stocks immediately before retirement which is just lol
There is an edge case of people who will be forced to liquidate early due to medical issues, house burned down, etc. which will definitely suck.
Stock index funds mean people may have up to 40% exposure to these tech stocks
I talked to a fossil fuel free investment advisor and the single largest holding in the fund he was recommending was Microsoft lol
We are going to have to boycott everything, except for the alternate dual-power economy that it is our duty to build.
The beauty of our system is that you are going to be fucked anyway.
