Scustin Bieburr
Baby baybee baybee UUUGH
In 2008, the government didn't let the banks and the businesses they financed completely go bust. It used our tax money to bail them out and also printed more money.
Inflation isn't actually a risk in America for two reasons:
1. The US dollar is the world's reserve currency and pegged to the most valuable industrial resource on earth(petroleum). More dollars in circulation won't really make a difference in this context because the only other currency that is held world wide is the euro and it's not as widely held as the dollar.
2. Most of that money will just end up going back to asset holders. The current silicon valley boom was partially propelled by this.
Everyone in Washington owns stocks, mutual funds, etfs, etc. They're aware of the fact that at least 30% of working adults have a 401k style retirement account. I don't really see how they wouldn't throw everything at keeping this bubble going.
Sales don't mean anything anymore. Tesla does not sell enough cars to justify its market cap. Nvidia is valuable because of business to business sales. The average person isn't going out and buying GPUs like that. Intel was performing poorly and rather than leave it to its fate, Trump will just use tax money to buy a part of it to keep it afloat.
More people have subscriptions to netflix than they do to chatgpt and xbox live yet microsoft is worth trillions. Regardless of its a complete bust and doesn't produce enough value to justify the amount of money invested in it, i don't see the government or investors letting it fail unless they have something else like quantum computers or some other tech breakthrough.
Inflation isn't actually a risk in America for two reasons:
1. The US dollar is the world's reserve currency and pegged to the most valuable industrial resource on earth(petroleum). More dollars in circulation won't really make a difference in this context because the only other currency that is held world wide is the euro and it's not as widely held as the dollar.
2. Most of that money will just end up going back to asset holders. The current silicon valley boom was partially propelled by this.
Everyone in Washington owns stocks, mutual funds, etfs, etc. They're aware of the fact that at least 30% of working adults have a 401k style retirement account. I don't really see how they wouldn't throw everything at keeping this bubble going.
Sales don't mean anything anymore. Tesla does not sell enough cars to justify its market cap. Nvidia is valuable because of business to business sales. The average person isn't going out and buying GPUs like that. Intel was performing poorly and rather than leave it to its fate, Trump will just use tax money to buy a part of it to keep it afloat.
More people have subscriptions to netflix than they do to chatgpt and xbox live yet microsoft is worth trillions. Regardless of its a complete bust and doesn't produce enough value to justify the amount of money invested in it, i don't see the government or investors letting it fail unless they have something else like quantum computers or some other tech breakthrough.
