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by noir_lord 228 days ago
Factor out the AI companies doing circular dealing to juke their stock price and GDP growth was like 0.1% combine that with purchasing power loss and US economy is net negative.

It's pretty clear what happens next.

Over 42 million people are about to lose their SNAP payments in 4 days[1] and millions more medical care.

It's gonna get bad.

https://www.bbc.co.uk/news/articles/c4g7d9j7p5qo

2 comments

The only publicly traded companies that are involved in what could be considered circular dealings in enough volume to affect their stock price are Nvidia and Oracle.
So, the company that, by itself, is 10% of the S&P 500.

I never would have bet on an Nvidia crash alone being what causes the 21st century great depression, but reality is alwways stranger than fiction.

"Exclude data I don't like, combing it with other data that's unrelated in unknown ways, and voila: DOOM!"