• ChicoSuave@lemmy.world
    link
    fedilink
    English
    arrow-up
    26
    ·
    3 days ago

    Half of FAANG is built on this circular financial lie. So many people banking on index funds will lose their retirement.

      • mursejoy@lemmy.zip
        link
        fedilink
        English
        arrow-up
        9
        ·
        3 days ago

        This is my exact thought. If my IRA tanks because of total market index funds… not having a retirement will be the least of my worries. The entire country will collapse long before I make it to 67.

        • baines@lemmy.cafe
          link
          fedilink
          English
          arrow-up
          3
          ·
          3 days ago

          no money to do so

          economy is so fucked the tools are borked

          and that’s assuming he doesn’t get control of the fed

  • ThomasWilliams@lemmy.world
    link
    fedilink
    English
    arrow-up
    7
    ·
    3 days ago

    On a strategic level, however, by earmarking just around $7 billion for Poolside, NVIDIA is gaining a significant hedge against a possible collapse in demand for its GPUs,

    NVIDIA claims it will get $600 bin in revenue next year. This isn’t even a wee in a tsunami .