Except the US economy is already dead, and only AI is keeping it “alive”. If AI companies die, the US economy enters a true recession, and rich people would lose a lot of money
The AI companies will die. That is fact. Some will even die quickly when the bubble pops. What cannot continue must stop. The earlier the bubble pops, the less the harm.
Also, resessions are moneymaking for the extremely wealthy. They lose wealth on paper (unrealized), but they are positioned to “buy stock when it is on sale”, not to mention benefit from government stimulus and bailouts. Its all the small time pension investors that get hosed the most.
Except the US economy is already dead, and only AI is keeping it “alive”. If AI companies die, the US economy enters a true recession, and rich people would lose a lot of money
The AI companies will die. That is fact. Some will even die quickly when the bubble pops. What cannot continue must stop. The earlier the bubble pops, the less the harm.
Also, resessions are moneymaking for the extremely wealthy. They lose wealth on paper (unrealized), but they are positioned to “buy stock when it is on sale”, not to mention benefit from government stimulus and bailouts. Its all the small time pension investors that get hosed the most.