This report with Americans for Financial Reform is an urgent warning: it details how the money pouring into AI could spiral into an economy-wide crisis and lays out recommendations for policymakers on how to keep an AI crash from devastating ordinary people’s finances.
I’m largely staying out of the stock market, and what I invest I have invested in renewable energy. Most of my savings are in a high interest bank account. Once the economy collapses I plan on investing the money in (green) investment funds, not all at once but buying in gradually month by month while the economy is in panic. That way I don’t gamble on any particular moment being the bottom, I just gamble that the economy will not be fucked forever. If it is we have bigger problems.
Sell high, buy low, basically. Except I’m not wealthy enough for the “sell high” part.
Participating in any of it feels dirty, but I’m not in a position to buy myself a house so I guess I have to do something with my savings.
I’m largely staying out of the stock market, and what I invest I have invested in renewable energy. Most of my savings are in a high interest bank account. Once the economy collapses I plan on investing the money in (green) investment funds, not all at once but buying in gradually month by month while the economy is in panic. That way I don’t gamble on any particular moment being the bottom, I just gamble that the economy will not be fucked forever. If it is we have bigger problems.
Sell high, buy low, basically. Except I’m not wealthy enough for the “sell high” part.
Participating in any of it feels dirty, but I’m not in a position to buy myself a house so I guess I have to do something with my savings.
Make sure those funds are distributed around because the amount of loans out there mean another bank collapse or 3 is a likely outcome