The bearish arguments of 1907. Swap earthquake with covid and many of these points could be recycled today
Submitted by CreepingFog t3_11dqnbv in wallstreetbets
Reply to comment by Warlover1 in The bearish arguments of 1907. Swap earthquake with covid and many of these points could be recycled today by CreepingFog
No it actually says when the rich make their money illiquid in real estate, you can bump into issues
Not that it's you making the argument, but you can't make money illiquid.
Nvm poor people definitely play a role, I just had ChatGPT estimate the total amount of invested capital in the US that's in retirement accounts...it came up with ~4 trillion in 2019 just for households headed by someone 55-64. That's 10% of the S&P's total market cap TODAY (still slightly higher than 2019).
This guy really thinking chatgpt has accurate data and isn't just Markov chaining a guessed bullshit answer in a convincing format.
We're doomed lol.
Yeah ChatGPT often fails at even basic arithmetic for this reason. It can only guess likely continuations based on similar sentences, it isn't deterministic.
It cited its sources, is it known to lie about those I didn’t check them
Yes, it frequently cites sources that don't actually exist.
Just like normal people do
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