• Plebcouncilman
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    3 days ago

    I dunno, from the institutional side almost all trading now happens through algorithms and from the consumer side almost all trading is fueled by memes and vibes. The crash is gonna be the mother of all crashes. I mean just look at what Deepseek did a few days ago, it deleted hundreds of billions of dollars in NVDIA stock value. These stocks are so overvalued that they reflect absolutely nothing about their present ability to turn a profit. They are pure speculative fantasy.

    • Lugh@futurology.todayOP
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      3 days ago

      The crash is gonna be the mother of all crashes.

      100%. When it happens on Trump’s watch, I wonder will Trump take over the Federal Reserve? And start money printing trillions to rescue the stock market?

      Erdogan has bankrupted Turkey with hyperinflation and his minions still love him.

      Trump had bankrupted every business he’s ever owned, it would be on brand for him to bankrupt America and the dollar as the world’s reserve currency.