Sort of, except this time instead of it being millions of homes about to be foreclosed on its like 10 multibillion dollar companies, so the real problem is who is positioned to buy those companies when their share price crashes and they need to be sold for peanu… fuck it’s Trump isn’t it? In 2 months we’ll be using MicroTrump Werd to write reports and Tesla Xsell to build spreadsheets, but only when we can navigate our way through a minefield of vibecoded slop and ads for ICE.
Well everyone’s index-based investments will also take a nose dive to be fair. So that’s going to be a lot of people’s retirement funds set back by several years, maybe a decade.
That’s managed funds, which are costly and don’t tend to perform better than index funds in the long term (unless your fund is managed by Warren Buffett). Index funds will by definition take a huge fall because like 30% of the S&P 500 by market cap for an example is heavily AI-invested companies (just a couple of companies at that).
I’ve moved all of mine to European and Asian indexes to be less affected when it happens, but since I was using a national pension system fund up till now, it’ll take until like May or whatever till the move is complete. So I hope there’s no crash before that at least. At least any new payments already go to the funds I’ve selected rather and can sell on a whim, rather than the old system where the bank chose the exact ETFs and I can only sell/move funds 3 times a year and have to apply for it beforehand.
But anyone else who’s still stuck in that system with a composite fund dominated by US-based index ETFs, will take a massive plunge when it happens.
Damn if only there were some sort of alternative not owned by anyone and built by the community. If I’m making impossible wishes I’d also want it to be free to use. Maybe even open source.
Nah that would never work. Who would put in that kind of effort for free? Silly idea.
Sadly my company has complete say over the platforms I use when at work. Given their scramble to adopt copilot with little or no obvious benefits and unknown depth of security flaws, I don’t hold much hope that they will pivot to an entire new platform suite on Microsoft’s collapse …
I hope not, that’s basically what 2008 was. We could at least get a new reason.
Capitalism doesn’t breed enough innovation for new reasons. That’s why they need AI, to come up with new bullshit.
The way AI works, wouldn’t they just get the old bullshit, but reworded each time? With a side of hallucinations ofc
🌍🧑🚀🔫🧑🚀
Sort of, except this time instead of it being millions of homes about to be foreclosed on its like 10 multibillion dollar companies, so the real problem is who is positioned to buy those companies when their share price crashes and they need to be sold for peanu… fuck it’s Trump isn’t it? In 2 months we’ll be using MicroTrump Werd to write reports and Tesla Xsell to build spreadsheets, but only when we can navigate our way through a minefield of vibecoded slop and ads for ICE.
You jest but USGov already owns 10% of Intel, the seal’s been cracked, and it’d be a suitably fascist move.
Considering that both Intel and AMD originally grew up on government contracts, It’s a wonder that the government doesn’t own 49% of each.
Well everyone’s index-based investments will also take a nose dive to be fair. So that’s going to be a lot of people’s retirement funds set back by several years, maybe a decade.
they should be fine so long as their funds freak out and sell the dip … obviously the people about to retire might have to hold off for a while
That’s managed funds, which are costly and don’t tend to perform better than index funds in the long term (unless your fund is managed by Warren Buffett). Index funds will by definition take a huge fall because like 30% of the S&P 500 by market cap for an example is heavily AI-invested companies (just a couple of companies at that).
I’ve moved all of mine to European and Asian indexes to be less affected when it happens, but since I was using a national pension system fund up till now, it’ll take until like May or whatever till the move is complete. So I hope there’s no crash before that at least. At least any new payments already go to the funds I’ve selected rather and can sell on a whim, rather than the old system where the bank chose the exact ETFs and I can only sell/move funds 3 times a year and have to apply for it beforehand.
But anyone else who’s still stuck in that system with a composite fund dominated by US-based index ETFs, will take a massive plunge when it happens.
Damn if only there were some sort of alternative not owned by anyone and built by the community. If I’m making impossible wishes I’d also want it to be free to use. Maybe even open source.
Nah that would never work. Who would put in that kind of effort for free? Silly idea.
Sadly my company has complete say over the platforms I use when at work. Given their scramble to adopt copilot with little or no obvious benefits and unknown depth of security flaws, I don’t hold much hope that they will pivot to an entire new platform suite on Microsoft’s collapse …