• lefaucet@slrpnk.net
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    13 hours ago

    Oh don’t worry, they’re likely trying to figure out how to steal your stock investments too.

    2008 crisis was a lot of folks being forced to sell their investments At a loss Large banks bought up those shares for very cheap.

    The current fear I have is SPY, which is a lot of retirement funds, is 1/3 AI stocks. It feels a bit like big banks are finding ways to load up trillions of bad debt into these stocks.

    • FlashMobOfOne@lemmy.world
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      13 hours ago

      Yup, they certainly are. But the market as a whole is different beast, and the 2000 billionaires who have their wealth tied up in it will get this government to make another three trillion appear out of thin air if the line goes too far down.

      I’m fortunate to be in a position where I can buy and hold, so I’m not quite so worried about dips and crashes as most.