How Much Wealth an AI Stock Market Crash Could Destroy
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Re: How Much Wealth an AI Stock Market Crash Could Destroy
#2https://archive.md/EzGW2
- A drop in nominal values on the same scale as the dotcom bust would wipe out $16T, or 8% of American household wealth. Foreign investors would lose $7T.
Re: How Much Wealth an AI Stock Market Crash Could Destroy
#3https://archive.md/EzGW2 - A drop in nominal values on the same scale as the dotcom bust would wipe out $16T, or 8% of American household wealth. Foreign investors would lose $7T.
The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high - https://finance.yahoo.com/news/wealthiest-10-americans-own-9... - January 10th, 2024
> The richest Americans own the vast majority of the US stock market, according to Fed data. The top 10% of Americans held 93% of all stocks, the highest level ever recorded. Meanwhile, the bottom 50% of Americans held just 1% of all stocks in the third quarter of 2023.
(the vast majority of wealth for the non wealthy in the US is someone's primary residence real estate)
Re: How Much Wealth an AI Stock Market Crash Could Destroy
#4Im sure the wealthy find a way to socialize these “losses”.
Also what a shit headline. There’s no wealth destroyed, it’s all just numbers go up and down. But until you sell you haven’t lost any money, have you?
Re: How Much Wealth an AI Stock Market Crash Could Destroy
#5I'm hopeful that the AI bubble popping would bring back money flowing to other industries. If you're not an AI company right now it takes a lot to get investor cash flowing in.
Re: How Much Wealth an AI Stock Market Crash Could Destroy
#6It would be like SVB all over again. Small governemnt, anti bailout, pull yourselves up by your bootstraps tech CEOs on TV crying and begging for someone to cover their losses.
Re: How Much Wealth an AI Stock Market Crash Could Destroy
#7Im sure the wealthy find a way to socialize these “losses”. Also what a shit headline. There’s no wealth destroyed, it’s all just numbers go up and down. But until you sell you haven’t lost any money, have you?
But truly, is not red in the brokerage accounts of the wealthy the greatest social ill of our time?
Re: How Much Wealth an AI Stock Market Crash Could Destroy
#8https://archive.md/EzGW2 - A drop in nominal values on the same scale as the dotcom bust would wipe out $16T, or 8% of American household wealth. Foreign investors would lose $7T.
The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high - https://finance.yahoo.com/news/wealthiest-10-americans-own-9... - January 10th, 2024 > The richest Americans own the vast majority of the US stock market, according to Fed data. The top 10% of Americans held 93% of all stocks, the highest level ever recorded. Meanwhile, the bottom 50% of Americans held just 1% of all s…
In 2022, entry into the top decile required a net worth of $1.6M. My gut says folks in the top decile are over-represented here on HN.
https://www2.census.gov/library/publications/2024/demo/p70br...
Re: How Much Wealth an AI Stock Market Crash Could Destroy
#9It would be like SVB all over again. Small governemnt, anti bailout, pull yourselves up by your bootstraps tech CEOs on TV crying and begging for someone to cover their losses.
Same as it always was. Privatize gains, Socialize losses.
Re: How Much Wealth an AI Stock Market Crash Could Destroy
#10https://archive.md/EzGW2 - A drop in nominal values on the same scale as the dotcom bust would wipe out $16T, or 8% of American household wealth. Foreign investors would lose $7T.
The wealthiest 10% of Americans own 93% of stocks even with market participation at a record high - https://finance.yahoo.com/news/wealthiest-10-americans-own-9... - January 10th, 2024 > The richest Americans own the vast majority of the US stock market, according to Fed data. The top 10% of Americans held 93% of all stocks, the highest level ever recorded. Meanwhile, the bottom 50% of Americans held just 1% of all s…
Which is not to say it wouldn't have repercussions downhill from the gilded palaces, but - yeah, mostly wealth of the wealthy would be harmed.
Unfortunately, any market dip means jobs lost, at least temporarily.
I personally stay all-market, and long-term, so if anything it would be a buy opportunity for me.