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[–] 1 point 7 hours ago* (2 children)

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?

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  • [–] 2 points 7 hours ago* (1 child)

    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.

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  • [–] 1 point 4 hours ago

    I was but too young to suffer. I was still in university when it happened. Also I'm in Sweden so it was much less of an effect here compared to America. I believe you, must have been horrible.

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