[alecco]

Indeed. If it is all a Ponzi/bubble there was no wealth to begin with.

More important for the wider economy is how much liquidity it destroyed and the mayhem it will do in the bond markets.

But, since the top 10% of American savers (including almost all of US Congress) put most of their savings in stocks they will get a massive bailout. It will make the 2008 Wall Street bailouts look like pocket change. I bet they will say it's for national security or some other lame excuse.

[red-iron-pine]

> Indeed. If it is all a Ponzi/bubble there was no wealth to begin with.

lotta people buying houses and cars with AI seed company money that funds their 400k salary.