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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]

It may (or may not be a repeat of 2008) but smart people are pointing out that AI is a bubble that will have economic repercussions.

Hedge fund manager Mark Spitznagel is warning that the U.S. economy under Trump could face a huge crash, possibly the biggest since the 1929 Wall Street Crash. Spitznagel is called the “crash guy” or “Black Swan” investor because he has built a reputation for predicting and profiting from market collapses

Read more at:
https://economictimes.indiatimes.com/news/international/us/wall-street-legend-predicts-trumps-economy-could-be-headed-for-a-big-crash/articleshow/124071512.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
[/quote]

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