How will the economic growth happen exactly is a more important question. I’m not an economics nerd, but the basic principle is if more players want to buy stocks, they go up. Right now, as I understand, quite a lot of stocks are being sought by white collar retail investors, including indirectly through mutual funds, pension funds, et cetera. Now AGI comes and wipes out their salary. They are selling their stocks to keep sustaining their life, arent they? They have mortages, car loans, et cetera. And even if they don’t want to sell all stocks because of potential “singularity upside” if the market is going down because everyone is selling, they are motivated to sell even more. I’m not enough versed in economics, but it seems to me your explosion can happen both ways, and on paper it’s kinda more likely it goes down, no? One could say the big firms // whales will buy all stocks going down, but will it be enough to counteract the effect of a downward spiral caused by so many people going out of jobs or expecting to do so near-term? Downside of integrating AGI is wiping out incomes as it is being integrated. Might it be the missing piece that will make all these principles make sense?
How will the economic growth happen exactly is a more important question. I’m not an economics nerd, but the basic principle is if more players want to buy stocks, they go up.
Right now, as I understand, quite a lot of stocks are being sought by white collar retail investors, including indirectly through mutual funds, pension funds, et cetera. Now AGI comes and wipes out their salary.
They are selling their stocks to keep sustaining their life, arent they? They have mortages, car loans, et cetera.
And even if they don’t want to sell all stocks because of potential “singularity upside” if the market is going down because everyone is selling, they are motivated to sell even more. I’m not enough versed in economics, but it seems to me your explosion can happen both ways, and on paper it’s kinda more likely it goes down, no?
One could say the big firms // whales will buy all stocks going down, but will it be enough to counteract the effect of a downward spiral caused by so many people going out of jobs or expecting to do so near-term?
Downside of integrating AGI is wiping out incomes as it is being integrated.
Might it be the missing piece that will make all these principles make sense?