Reply to Does anyone else believe the impending financial crash will be bigger than 2008-2009?

Forum Index » Money and Finances

Reply to "Does anyone else believe the impending financial crash will be bigger than 2008-2009?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't know about a crash. I'm expecting more of a slide into the 1970s muck of stagnant growth, stubborn inflation and a labor market where available jobs did not align with the skills/locations of the un/underemployed.

Tech and financial companies will consolidate and the winners will leverage AI to slash labor costs, monopolize markets and accumulate trillions in value.

The 5% at the top will note that they never have had it better (true!). [/quote]

The labor market impacts are hitting now.

https://bsky.app/profile/atrupar.com/post/3m257r33ooa2d

Disagree about the AI savings- [b]that bubble is months away from bursting.[/b]  Gonna be a wild ride folks.[/quote]

+1  All these companies' super-inflated numbers are based on best-case scenarios about savings and productivity boosts they're sure to see soon from the huge amount of money they've sunk into AI, and in 95% of cases it doesn't provide any measurable financial benefit at all.  https://fortune.com/2025/08/18/mit-report-95-percent-generative-ai-pilots-at-companies-failing-cfo/  [/quote]

One red flag to me is that the average American is talking about AI.

My own employer has invested and I really don’t see a significant benefit.

When people are on TV talking about how it’s taking over, you know it’s probably not going to. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics