Earlier quoted context omitted.
It’s easy to predict that, but when has “the whole thing” ever crashed? Sure, markets can crash, but this idea of “go to zero” never happens. That’s the whole calculus of these investments. Many of them are expected to fail. The fact that it’s painful to the average person means nothing to the people who run the system.
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Even if every cryptocurrency becomes worthless overnight, that doesn’t represent the market going to zero.
I see you’ve edited your comment with more doom and gloom. It’s easy to view everything as a bubble when you’re in a negative mental space.
> a) collapse of the real estate bubble, especially commercial real estate;
Any proof of this bubble? Housing construction continues to lag demand. Offices are largely RTO and Covid-era remote jobs are basically legacy and grandfathered. Every remote employee I know who was laid off in the past couple years had to get a hybrid/in-person job. You can’t just assume 2008 is going to happen again without some real data that shows real estate instability. Where are the poorly qualified borrowers?
> b) the ongoing IT crash that is only just getting started;
That’s one industry of many. One specific industry struggling doesn’t mean much.
> c) whatever damage the (current, red-flavored) orangutan in the White House manages to accomplish in his 3+ remaining years of hell;
Lame duck presidency, he can’t crash shit. Congress will be unfriendly next year and already isn’t even very supportive within his own party.
> d) fear of looming war;
In what universe is any impending war impacting the American economy? You mean the one where defense contractors are hiring and the US is selling weapons to the nations who are doing the fighting?
> e) economic fallout from COVID which is still ongoing and expanding (hint--many destroyed businesses and people out of work);
You are gonna need to explain this one and back this up with some numbers that make sense.
> f) a thousand other icebergs, minefields, and financial hazards confronting us in the near future?
Sounds like internal anxiety demons that are not tangible.
Look, I’m in full agreement that AI will face some kind of correction or crash, but predicting once in a century catastrophe is a losing game.