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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
This sounds like something straight out of Emperor Xi / CCP's playbook.
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Originally Posted by westopher
The whole world has gone down a road no one can recover from, and it's nothing to do with governments, it's because so much of the general public is so fucking stupid.
I picked this article because the picture resonates with me the most and it's such a powerful moment, but this has been the first time I feel like there might be hope for the States in a long time
Dozens of journalists who cover the US Defence Department have vacated their offices in the Pentagon and returned their credentials as new restrictions on press access took effect.
The Defence Department had set a Tuesday deadline for news outlets to either sign a new Pentagon access policy or lose access to press credentials and Pentagon workspaces.
At least 30 news organisations, including Reuters, declined to sign the new policy, citing a threat to press freedoms and their ability to conduct independent news reporting on the world's most powerful military.
Not directly related but somewhat related is former IMF chief economist Gita Gopinath wrote an article in The Economist suggesting "the world has become dangerously dependent on American stocks." With Trump deep into all levels of politics, federal, state, and municipal, and his tit-for-tat trade policies, including his affairs in the federal reserve, over $35 trillion dollars in wealth can be wiped out, similar to the events of the dot-com bubble. Source - The Economist (Paywalled)
Here's a Microsoft Copilot-generated summary of the article for those of you who can't access it (it is a good read.)
🧨Risk of a Major Market Correction
- The U.S. stock market is near record highs, driven by AI enthusiasm—echoing the dotcom bubble.
- A crash similar to 2000 could wipe out over $20 trillion in U.S. household wealth—about 70% of U.S. GDP.
- Foreign investors could lose $15 trillion, or 20% of global GDP, due to heavy exposure to American equities.
🌍Global Interconnectedness and Vulnerability
- American stocks dominate global portfolios, making the world highly sensitive to U.S. market shocks.
- Consumption and GDP growth would suffer globally, with limited policy tools available to cushion the blow.
💵Dollar’s Diminishing Role as a Safe Haven
- Historically, the dollar strengthened during crises, offering global insurance.
- Recently, despite expectations, the dollar has weakened—signaling eroding investor confidence.
- Concerns about the Fed’s independence and U.S. institutional stability are contributing to this unease.
⚠️Structural and Policy Headwinds
- Tariffs, Chinese export controls, and geopolitical uncertainty are stifling growth.
- Record-high government debt limits fiscal stimulus options.
- Escalating U.S.–China trade tensions threaten global supply chains and economic stability.
🌱The Need for Balanced Global Growth
- Growth and productivity have been concentrated in the U.S., creating fragile foundations.
- Other regions—especially Europe and emerging markets—must boost innovation and integration to rebalance global capital flows.
🧭Final Warning
- Today’s market crash would be far more damaging than the dotcom bust.
- With less policy flexibility and deeper structural vulnerabilities, the global economy is at greater risk.
Anecdotally, a classmate of mine works in the precious metals retail industry and has noted that gold and silver prices have skyrocketed as a result of varying degrees of what was mentioned in the article in The Economist. A lot of walk-in customers are buying and selling gold/silver, far more than their usual 12-month retail forecasts and they can't keep up.
If anything, diversify your investments and do not put all your eggs into one basket. AI and data centres are a good example. Ride the wave while you can but know when to bail. They aren't sustainable, but who am I to talk? Trust Reddit Wall Street Bets and all the bros who post their gainz here.
Nation’s top financial CEO Jamie Dimon warns there is a 30% chance of a stock market crash in the next two years
JPMorgan Chase CEO Jamie Dimon has said he is more worried than many of his peers about the possibility of an imminent U.S. stock market crash.
Speaking to the BBC’s Business Editor, Simon Jack, on Thursday, Dimon was asked about the consequences of President Donald Trump’s tariff war, a subject about which he has been largely ambivalent this year.
“I am far more worried about that than others,” he said. “Now, I’m talking about probabilities. I would give it a higher probability than I think is probably priced in the market and by others. So, if the market’s pricing in 10 percent, I would price in, I would say, it’s more like 30 percent
Dimon declined to predict precisely when a crash might come, suggesting it could be within six months or two years, but added: “The amount of uncertainty – and I put geopolitics in that category, fiscal spending in that category, politics in that category, the remilitarization of the world in that category – all of these things coincide.
“A lot of issues that we don’t know how they’re gonna sort out. So I say the level of uncertainty should be higher in most people’s minds than what I call normal
in like every bull market there are daily articles about the upcoming crash..
it's like reading about the big cascadian earthquake
best thing to do is just ignore it all and keep DCA'ing in diversified funds
But are there certain sectors that will be affected more dramatically than others if there was a crash? Finance? Banks? Tech? Bitcoin? Pharmaceutical/healthcare? Oil/Gas?
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you can quote me on that
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Originally Posted by mikemhg
Stay anonymous my friends.
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Originally Posted by bcrdukes
"Trying is the first step to failure." - Homer Simpson
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Ai should be a disaster when the bottom falls out. It’s just 5 companies trading money that doesn’t even exist back and forth and somehow making ideas that will never come to fruition worth trillions of dollars. I hope the it collapses and all the people at the top have a meeting with the pavement from the top of a tall building. They truly do not deserve to live with the cancer they are hellbent on creating for society.
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98 technoviolet M3/2/5
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Originally Posted by boostfever
Westopher is correct.
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Originally Posted by fsy82
seems like you got a dick up your ass well..get that checked
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Originally Posted by punkwax
Well.. I’d hate to be the first to say it, but Westopher is correct.
My guess would be centre around AI, trickling down to data centre companies, acquisitions, and the industries they serve. Think banking, fintech, communications, insurance, health care, consumer staples, high tech, supply chain and logistic. The list goes on. Companies that have heavily outsourced or poured big dollars into AI, or rely heavily on AI may get hit very hard.
A lot of companies have already adopted and have implemented virtual assistants and guided speech assistants to reduce call centre agents in an effort to reduce workforce requirements and improve customer satisfaction, so what you are suggesting is novel and bleak at best.
Edit: My reply was to JDMDreams, not whitev70r/asian80r
I'm surprised they also have a TFSA and HISA, coming in at 2.40% AIR, which only makes the 5 year worth it with the difference of 1.15%. But you only earn $53.20 per $1000 more than just putting it into a HISA.
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Yea but why would you buy gic, us and can must cut rates, which means gic rates will continue to drop. Cad gic is about 2.8% tops. After inflation let alone taxes you will be negative. Also cash is trash. Cuz you know us and cad will still continue to print. They have no option, that's why they are dabbling in Bitcoin to try to get out of the hole.
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