• Bluescluestoothpaste@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    12
    ·
    edit-2
    6 hours ago

    The thing is the collapse is like a random chance every week/day. At some point some human being will decide fuckem im not working all weekend to bail them out again and that’s when the crash will happen. That’s literally what happened in 2008, bear sterns and Lehman brothers for decades just rolled over their debt until one day the banks were just like yeah nah we had enough go ask the govt for help and that was the crash. It easily could have happened months earlier or months later, some bank execs were just in a room and finally decided they wanted to get off the ride one and that was the day it crashed. Just human emotion at that point if it would have happened the prior month or following month instead.

    • PM_Your_Nudes_Please@lemmy.world
      link
      fedilink
      English
      arrow-up
      5
      ·
      edit-2
      4 hours ago

      Exactly this. The entire market is held together by people who are willing to bend over backwards to keep it working. And all it takes is two or three of those to decide “enough is enough” at the same time, and suddenly all of the market’s sins are laid bare. And at that point, the investors panic and everything snowballs.