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'Canary in the coalmine' for a major Wall Street collapse, analysts warn

a day ago by supersquirrel to c/collapse

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The cost of insuring against a debt default by Wall Street's tech titans has hit record levels. Soaring debt and rising interest rates have investors fretting about a potential collapse.
Carmakazi 11 points a day ago

If that debt collapses uninsured that means that anyone who holds an IRA, 401k, or market ETF is a major, catastrophic bagholder. Not something I would cheer on.

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supersquirrel 6 points a day ago

You are right, but while I get real schadenfreude from this I am well aware it is NOWHERE near worth the human cost.

The thing is I have always treated the possibility/inevitability of this eventuality seriously so I am going to keep laughing while I cry because it helps me.

Also save your breath for the people who are responsible for this, I never advocated for a single step down the path of this deathcult.

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doomsdayrs 2 points a day ago

Thanks goodness most of mine is international!

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IchNichtenLichten 2 points a day ago

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timewarp -5 points a day ago

What monstrosity will we get in 2028 if Democrats win both the House and Senate in midterms, and then continue Trump's Iran War and goes along with a bailout when the AI bubble collapses?

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jaybone 5 points a day ago

Both sides 💦🍆

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timewarp -4 points a day ago

Genocide supportera say what?

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jaybone 4 points a day ago

I said 💦🍆

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