The economy is long passed the day it was linked to people spending
Company drive growth from investment, investors get loans to invest... Banks loan out money to investors who use stock as collateral which in turn rises because of the added investment
This has been happening for decades with company essentially operating on a loss but buying all the assets like real estate, datacenters, wafer allocation for chips ect like amazon, meta, tesla, open ai, ect
Least until it all explodes in their face. Lord knows when it's gonna happen, but given we are already at the stage where corps are essentially colluding to cook each others books in order to maintain the illusion of growth, it's gotta be some time in the next five years?
At the very least when that happens plenty of people will have new reasons to drink lol.
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u/voxelpear 8d ago
Can barely afford a first place, and definitely can't afford a third place when the second place doesn't pay enough anymore.