Read the report I linked. This is going to be the worst financial crisis in history, and it’s going to take the entire world down with it. Are you over 12 years old? Do you have a job? Do you have a 401k or a pension? No one is disconnected from the U.S. markets.
I’m so tired of financially illiterate people cheering about the markets crashing or vilifying “shareholders” without realizing that that is YOU. Unless you’re a subsistence farmer in rural China or live in a commune, you are dependent upon - probably directly invested in - the markets and going to lose everything.
You’re too close to arguing that even more investment needs to be made in the sector. Stopping new investments makes the bubble pop less bad because the less new investment the less inflated the bubble. “Cheering” for a quicker end is cheering for a smaller impact. The overinvestment affects all of our lives, and access to technology.
Read the report I linked. This is going to be the worst financial crisis in history, and it’s going to take the entire world down with it. Are you over 12 years old? Do you have a job? Do you have a 401k or a pension? No one is disconnected from the U.S. markets.
I’m so tired of financially illiterate people cheering about the markets crashing or vilifying “shareholders” without realizing that that is YOU. Unless you’re a subsistence farmer in rural China or live in a commune, you are dependent upon - probably directly invested in - the markets and going to lose everything.
Most young people don’t have retirement savings, so they don’t really care about your 401k or pension.
You’re too close to arguing that even more investment needs to be made in the sector. Stopping new investments makes the bubble pop less bad because the less new investment the less inflated the bubble. “Cheering” for a quicker end is cheering for a smaller impact. The overinvestment affects all of our lives, and access to technology.