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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP - everything is different now on so many levels.  There's AI but there's Trump as POTUS.

The market is acting irrational because he is.  Folks have learned to buy during dips when he makes dumb announcements.  The market is reacting.  You have to take that into consideration.

I agree that this time around, the rebound is going to take time and be interesting in how it will rebound.  I'm not an econ and just someone who has their own business and recruits talent for all sorts of companies and career coaches executives.  I think that the way of doing business is changing.

[b]There's 2 things to look at - the market isn't going to tank, those with money will float it and they will likely do really well. [/b] For most people, things haven't gotten really bad yet.  That's next year. Even then, there's a number of sectors that are still reasonably healthy.  Those who have a paycheck will continue doing well.

I think moving forward, what we're going to see is the disparity of those who have a lot v little get larger.  There will be a lot of sad, poor folks and a lot of rich, lucky folks.  There's going to be things that certain people won't be able to enjoy anymore that they never considered they wouldn''t.

It'll be a tough time for a larger segment of American society and it will be permanent.[/quote]

You didn’t need to tell us you are HR, we all knew when you said, “ There's 2 things to look at - [b]the market isn't going to tank, those with money will float it[/b] and they will likely do really well.”

Were you a child when the financial crisis in 2008 hit?

[/quote]

Not PP but that does not seem likely -- repeat of 2008.  As another PP said things are not that bad and in fact are strong in many areas.  AI is helping but that is not the only sector doing just fine.  AI revenue is here -- they are not building looking for revenue.  AI is in and will be in almost everything we do.  I am not a fan but it is here to stay.  [/quote]

Here’s another article about Bain saying the revenue just isn’t there to support current levels of AI investment (not that there isn’t any revenue but it’s not matching the scale of investment).

https://finance.yahoo.com/news/800-billion-revenue-shortfall-threatens-010000322.html

These are not Luddites making these arguments— it’s basically anyone willing to sit down and do the math. Maybe the USG decides it will dump even more subsidies into AI to prop things up but absent that there will be a moment of truth/reckoning. [/quote]

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