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Renew Deal

(85,485 posts)

19. It could be worse

Reply to CaptainTruth (Reply #16)

Mon Jun 29, 2026, 11:18 PM

15 hrs ago

The number of people with 401K's is higher than 2000. AI is carrying the stock market more than tech was back then. Many of the safety levers in the economy have already been used. It could be a much bigger crash.

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CaptainTruth

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Highlight:

Central Bankers warn AI Bubble is similiar to conditions before the Great Depression [View all] SamuelTheThird Yesterday OP

Hope for the best, prepare for the worst. oasis Yesterday #1

So I guess the coming oil crunch will have nothing to do with it... JCMach1 Yesterday #2

The 2007-08 crash was immediate preceded by $120+ prices per barrel of oil AZJonnie Yesterday #3

It is rarely so simple as one thing no matter what the MSM JCMach1 Yesterday #4

Big tech was causing serious financial instability... paleotn Yesterday #9

Th JCMach1 Yesterday #12

Krugman compares it to the tech bubble: tremendous over-valuation of companies that are making no profits. Martin68 Yesterday #5

It's worse than the tech bubble SamuelTheThird Yesterday #14

Yes. LudwigPastorius Yesterday #15

Good points. Krugman also pointed out those facts. Martin68 21 hrs ago #17

It's not about the technology at this point, it's down to just a giant grift and cash grab ToxMarz Yesterday #6

Exhibit A: f-eloon cashing out not fooled Yesterday #7

Perhaps, but many don't know. paleotn Yesterday #11

I have been saying for some time that conditions are very similar to the period just before the Great Depression. flashman13 Yesterday #8

Not to worry. We got the best president ever, running the country unlike before the Great Depression. People are 3Hotdogs 15 hrs ago #18

Not a secret. Was reported on before the 2024 election. Blue Full Moon Yesterday #10

Yeah, but look who is saying it now SamuelTheThird Yesterday #13

It's the dot com bubble all over again. CaptainTruth 23 hrs ago #16

It could be worse Renew Deal 15 hrs ago #19

I fear it's going to be worse. Initech 2 hrs ago #20