Comment Panic behind closed doors (Score 1) 19
I've heard from a guy involved in the bond market thst the economy is in major recession outside of the Mag7 and AI stocks.
Apparently secondary markets, insurance reinvestments, private credit, pension funds - they're so heavy in AI stocks to just beat inflation that when Sam said tokens aren't selling fast enough with the decreasing cost of generating them to turn a profit they started bracing for an Everything Crash.
Like insurance companies failing, CRE going into foreclosure, pension funds defaulting, bond-issuing companies liquidating equity to meet obligations, etc.
Treasury would have to hyperinflate to bail them all out, transferring massive wealth from the People to the Corporations, yet again.
That's gonna get spicy and probably stabby.