Comment on The Value of NVIDIA Now Exceeds an Unprecedented 16% of U.S. GDP
cygnus@lemmy.ca 17 hours agoThe dotcom crash was no joke. Most people here weren’t around for it (as adults at least) so they brush it off. I’m not saying this next crash won’t be bad, I’m saying it won’t have the knock-on liquidity effects of 2008.
supersquirrel@sopuli.xyz 16 hours ago
What you aren’t taking into account how much the US social safety net has hollowed out since the dotcom crash.
This is going to be very bad, I wouldn’t waste words speculating about the extent of the damage, we haven’t seen this kind of shock hit such a fragile US society. There is no resilience left in the US people to climb out of a big economic crash, things will just shatter.
cygnus@lemmy.ca 2 hours ago
You may be right, but I hope you aren’t.