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Posted
5 hours ago, Hermanator said:

I heard at least a couple of economists, one of which I believe was Klugman, speculate the AI bubble is so massive, and the US economy/debt so shitty now, that the government wouldn't be able to bail out an AI bubble burst. 

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Posted
5 hours ago, Hermanator said:

I heard at least a couple of economists, one of which I believe was Klugman, speculate the AI bubble is so massive, and the US economy/debt so shitty now, that the government wouldn't be able to bail out an AI bubble burst. 

So if this were to happen during this admin, does anyone think they would actually take any steps to try and recover anyway?  I think they would just stand up there and tell everyone how the economy collapsing is a liberal hoax and everything is fine.  They would lord over the ashes until they were finally voted out in 2028 (big speculation on my part) and then MAYBE some adults would be back in charge to try and fix things again.  

Posted
18 minutes ago, Biff Tannen said:

So if this were to happen during this admin, does anyone think they would actually take any steps to try and recover anyway?  I think they would just stand up there and tell everyone how the economy collapsing is a liberal hoax and everything is fine.  They would lord over the ashes until they were finally voted out in 2028 (big speculation on my part) and then MAYBE some adults would be back in charge to try and fix things again.  

Well, the first parties injured here would be the techbros and oligarchs, with follow-on effects for the rest of us.

So, yeah, I would expect some sort of government supported wealth-preservation strategy for them.

Posted
7 minutes ago, TwiceHorn said:

Well, the first parties injured here would be the techbros and oligarchs, with follow-on effects for the rest of us.

So, yeah, I would expect some sort of government supported wealth-preservation strategy for them.

PPP2 and CARES2 will be huge! Subsequent 15% mortgage rates will force everyone into 60 year notes. Serfdom for most incoming. 

Posted
20 minutes ago, TwiceHorn said:

Well, the first parties injured here would be the techbros and oligarchs, with follow-on effects for the rest of us.

So, yeah, I would expect some sort of government supported wealth-preservation strategy for them.

Yes, we will bail out the scammers. And then, there will be blood. 

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