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TLDR:
Mobius says AI will fall 40% and wants people to buy into chinese and India ETFs.
TBH I think he's underselling how big the AI collapse will/should be, and I also think he's a dumb asshole for implying investment into authoritarian powers is a good idea.
Market manipulation
Yes. I assume all these fund managers are coming out with this as they have already shorted everything.
However, other analysts without a vested interest seem to be saying the same thing. I'm wondering how long before it happens. If the government shut down continues, spending for Christmas could drop quite a bit and trigger a broader recession. Already consumer sentiment is at its lowest.
We should probably just shut down the stock market before things get bad. Nobody needs to be gambling anyway
I wonder if this is a crash that will hurt the rich more. It's the companies that will lose most.
The people at the top, I mean the top top, are typically the ones who get a heads up on these things. They shift things around and never lose a dime.
Yes, typically. But in this case, it seems to be the wealthy investing each other's money rather than people's houses.
A recession will still hurt everyone and particularly the poor, but the rich mat be less shielded this time around.
the ones that are heavily invested in AI: google, nvidia, openAI, amazon maybe? MS of course. probably palintir too. it will hurt retail just as bad too?