>>106323249
AI currently accounts for nearly 30% of the market capital right now
so MS 100% will crash, facemeta is already 'restructuring', openAI is openly saying it's a bubble, and Nvidia is the one providing all the chips to build these things, no AI and their sales tank, sales tank stocks tank, when the stocks go down all the investment firms panic sell, driving the price lower
there go all your 401ks all your portfolios, businesses get liquidated to line the pockets of wall street, people lose jobs, etc
once this happens the housing market will follow suit, with less money people will be less willing to buy, the result is that house prices will begin dropping like a rock, especially as investment firms dump their inventory to make up the losses from the AI bubble, you think "this is a good thing I'll be able to buy a house" well I certainly hope you're in one of the businesses that's NOT going to do mass layoffs to keep their profits high enough to avoid investor dumps because when the price of your house drops below how much you owe banks begin calling in their debts, anyone with leans is getting foreclosed
estimated job loss based on 2008 financial crisis: 15 point change
total percent of unemployed currently: 40%
after crash: 55%
ironically the people who will be safest are the people who make the least, rich will obviously stay rich, though less rich, but the middle class will be wiped out, the remaining population will be nearly all minimum wage part-time 2-job types, since they're both essential and already about as cheap as labor can be
also ironically the best thing we could do is nothing, we would recover eventually, but that's never how it goes, they'll try to 'fix' it, and the changes made will be some new injection of trillions of dollars (more inflation) and propping up things (government ownership of private businesses) which will prioritize the businesses owned by the government over fully private ones
welcome to the new soviet union faggot
