To disarm the big tech bomb, including “AI”, the public needs to be on high alert — as AI firms start to visibly wobble, we need clear demands and firm commitments from our leaders that if it all comes crashing down, the public won’t be the one left holding the bag.

  • SHY_TUCKER@lemmy.ml
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    3 days ago

    Everyone of these folks can move full allocation to various options like money market or bonds, or international growth, etc. and they should. Oh and after the bailout begins, get out of that money market, because it will be the toilet paper market then.

    • CharlesDarwin@lemmy.world
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      3 days ago

      Why do you think the money market would suffer? It has generally low returns as a rule and they tend to be even lower in low interest markets…but it’s an extremely conservative investment.

      • SHY_TUCKER@lemmy.ml
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        3 days ago

        The money is denominated dollars or other currencies. So if you get say 2.9 percent, but actual inflation is at a much higher rate, 7 percent, you are losing money. You can buy much less stuff than you could have before you put it in there.

    • dhork@lemmy.world
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      3 days ago

      They can, but whether they should depends entirely on timing the market. It can stay irrational for another 2+ years, in which case selling out now would be a mistake.

      • SHY_TUCKER@lemmy.ml
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        3 days ago

        Everybody who doesn’t live forever “times the market”. Your not describing discipline, you’re describing FOMO. If you believe the AI Bubble premise, and you had discipline you’d keep a lot of cash. Like Berkshire does these days. I call that “timing the market”.