I guess I am a bit nonchalant yeah. Maybe I dont fully understand the impact for the world if these companies would lose 50% of their value in the stock market. It seems to me that it would affect people’s savings, sure. But unless you went all-in on those companies, it shouldn’t wipe anyone out completely. Index funds takes a hit, maybe 20% drop? And in a year it’s back where it was?
Perhaps I do actually not understand the consequences. What would happen? How would it cause something major like a depression?
Yeah, at least a major recession but I think a depression is probable. Were you around for the dot-com crash? I was, and the job loss was everywhere, not just in tech. It was a scary and shitty time. Lots of people lost everything.
I guess I am a bit nonchalant yeah. Maybe I dont fully understand the impact for the world if these companies would lose 50% of their value in the stock market. It seems to me that it would affect people’s savings, sure. But unless you went all-in on those companies, it shouldn’t wipe anyone out completely. Index funds takes a hit, maybe 20% drop? And in a year it’s back where it was?
Perhaps I do actually not understand the consequences. What would happen? How would it cause something major like a depression?
Yeah, at least a major recession but I think a depression is probable. Were you around for the dot-com crash? I was, and the job loss was everywhere, not just in tech. It was a scary and shitty time. Lots of people lost everything.