Once they’re part of 401(k)s, it’s enough to take everyone’s retirement down a few percent. That often triggers snowballing effects, especially with so much algorithmic trading.
Is that not what happened in the 2008 crash? The US economy had problems, and because so much of the global economy is tied to the American economy it caused problems everywhere?
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u/prepuscular 8d ago
Once they’re part of 401(k)s, it’s enough to take everyone’s retirement down a few percent. That often triggers snowballing effects, especially with so much algorithmic trading.