Swingeing rhymes with whinging and can be remembered as likely to make the victim whinge (although it’s stronger impact than that implies).

I agree, there is too little accountability for the people who should be paying for their poor choices. I think the 18thC French solution is more instructive for the Epstein class than monetary fines though.

I don’t think your premise that it is going to grow more in terms of impact size is valid. It’s already eaten the US stockmarkets (and a number of others).

So I don’t think anyone has the power to make that choice between keep or pop later, but if it was possible then slowly deflating the bubble and regulations to prevent this sort of thing happening in the first place would be my answer. Not going to happen of course.

Out of the bad alternatives of the bubble popping now, and the bubble popping later, later would be better for we non-americans if we had govt’s who would actually work through the things needed to reduce its impact.

So, here in reality, damned if it does now, damned if it does later, either option is ugly.

I’ve been telling all my friends to get themselves and their pensions out of shares (US in particular) for the last 6 months I doubt they listened but what else can you do ?

Don’t know about a law, but there’s plenty of empirical evidence that you’re broadly right, it is I suspect what the Epstein class are counting on in the US - they’ll come out unscathed and the masses will wear the impact.

I did pick North Korea for a reason though - they have an economy with very limited reliance on even China and Russia and have basically spent 70 years preparing for this. I genuinely can’t think of a country less likely to be directly affected. Second order impacts such as say Russian (or even Chinese) rogue military units seizing areas and pillaging are possible, but even then they are already at subsistence level in the main, so impact should be minimal.

It will be poor countries like Bangladesh who rely on selling sweatshop clothing into the developed economies that will be in the biggest trouble - exports will be decimated and they are already on the breadline.

It would be great if we could prepare enough to prevent as much suffering as possible but we’ve gotten backed into a corner and are on a very serious timer before the planet is broken for good; so I don’t know what the balance is between preparing and ripping off the bandaid

Whole heartedly agree with the entire post.

If we start preparing for it now, we might just be able to prevent bloody insurrections in our countries, unfortunately I’m in the UK and have zero faith in our politicians being able to pull their heads out of the sand long enough to address. On the plus side our new PM is slightly less of a moron than his predecessor, but I doubt it is enough.

I too don’t care personally if the US burns and it is entirely possible the world will be a better place for an enforced change there, however there seems to be an idea in this group that something like that can happen and it will only trivially impact the rest of the world.

Unfortunately modern economies are too intertwined for a meltdown there to not impact us here.

This isnt just “you might lose 10% of your pension fund” this is “your pension fund just became valueless, and half the people you know are now out of work”

I’m not American either, but as noted above, unless you’re in a country like North Korea you’re not divorced from the fallout if the US economy collapses. It will definitely hit the developed world / western world / 1st world (whatever your preferred term is) hardest, along with those of the global south heavily reliant on trade with America or the EU (Bangladesh for example - heavily dependent on textile exports).

It basically goes US economy collapses, countries that export to the US go into depressions with massive economic upheaval, countries that export to the impacted countries then get hit with a loss of income throwing them into depressions.

I appreciate there’s pretty much no one left who remembers the great depression, and few who have studied it, but please don’t underestimate the impact on the rest of the world. It’s not just a US problem when they collapse.

You may well, millions won’t. When this boil pops the pus is going to infect a lot of innocent victims.

Having said that it WILL burst eventually, it’s not a question of whether, it’s a question of when. How much the rest of the world has done to immunise itself will determine how bad the impact will be. I’m afraid there’s not much hope left for America in my view, although I’d like to be wrong.

Be careful what you wish for.

I’m no fan of AI, but the combination of swingeing tariffs and the 1929 crash lead to the Great Depression. We didn’t have that happen in 2000 when the dotcom bubble burst because adults were in charge of the American finance system. that is no longer the case.

The orangutan has already pushed the American economy to the brink, the inevitable bursting of this bubble is going to decimate the US, and unfortunately the size of the US economy means that will flow onto the rest of the world. Unless you are in a country that close enough to no trade with the US and limited international financial dependencies you will be severely impacted. North Korea fits the bill but I don’t really want to move there.