relianceschool
@relianceschool@lemmy.world
- Comment on Is there any way the average American can insulate themselves from the AI bubble bursting? 6 days ago:
You’re catching downvotes, but according to Google Trends, searches for “gold price” and “ai bubble” are positively correlated, and there’s plenty of historic precedent for people flocking to “safe haven” assets when the markets nosedive. Gold went up by 30% from Jan-Sep 2020 (COVID), and nearly doubled in value between 2007 and 2009 (housing crisis), although it did take a dip before rebounding during the dotcom bubble (2000-2003).
That said, I would recommend keeping a significant portion of your money in an HYSA as precious metals are subject to large fluctuations in price and markets don’t always behave rationally.
- Comment on Is there any way the average American can insulate themselves from the AI bubble bursting? 6 days ago:
This is all great stuff to have on hand, but not relevant for OP’s question. They’re wondering how to prepare for the equivalent of the dotcom burst or the 2008 recession, not a grid-down scenario.
- Comment on ‘Death to Spotify’: the DIY movement to get artists and fans to quit the music app 2 weeks ago:
Yup. I’m old-school, but I like owning my music. Streaming platforms are notorious for dropping artists due to licensing/royalty disputes, and artists also pull their music from platforms for various reasons as well. I love my Sony NW-50, it’s got room for thousands of tracks in lossless (FLAC) format, and you don’t need an internet connection to listen (great for road trips).
- Comment on Everyday AI looks more like the '08 housing bubble 2 weeks ago:
If people think it’s a bubble, then it’s a bubble! (Self-fulfilling prophecy.) Google Trends is a decent gauge of public sentiment.
- Comment on Everyday AI looks more like the '08 housing bubble 2 weeks ago:
True, but consider that a huge amount of retail investors’ portfolios are tied to the S&P 500/NASDAQ. Think retirement savings, IRAs, 401(k)s, pensions, etc. Then consider that the entire market is effectively propped up by AI right now (see: The entire stock market is being carried by these four AI stocks). If the market gets a 60% correction, it’s going to be the middle class losing their shirts all over again.
- Comment on In mind-bending twist, ‘magic’ mushrooms evolved twice independently 2 weeks ago:
Sorry about that, I pasted the thumbnail URL instead of the article URL. Post is updated.
- Submitted 2 weeks ago to mycology@mander.xyz | 4 comments
- Submitted 1 month ago to science@mander.xyz | 1 comment
- Submitted 1 month ago to science@mander.xyz | 2 comments
