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Painty_The_Pirate t1_jaax1fo wrote

Reply to comment by Warlover1 in The bearish arguments of 1907. Swap earthquake with covid and many of these points could be recycled today by CreepingFog

No it actually says when the rich make their money illiquid in real estate, you can bump into issues

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mrnoonan81 t1_jaclpon wrote

Not that it's you making the argument, but you can't make money illiquid.

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Painty_The_Pirate t1_jaayfvt wrote

Nvm poor people definitely play a role, I just had ChatGPT estimate the total amount of invested capital in the US that's in retirement accounts...it came up with ~4 trillion in 2019 just for households headed by someone 55-64. That's 10% of the S&P's total market cap TODAY (still slightly higher than 2019).

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nikchi t1_jabfwbw wrote

This guy really thinking chatgpt has accurate data and isn't just Markov chaining a guessed bullshit answer in a convincing format.

We're doomed lol.

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Loose_Screw_ t1_jacdm06 wrote

Yeah ChatGPT often fails at even basic arithmetic for this reason. It can only guess likely continuations based on similar sentences, it isn't deterministic.

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Painty_The_Pirate t1_jabkumr wrote

It cited its sources, is it known to lie about those I didn’t check them

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Zegano t1_jabo4pk wrote

Yes, it frequently cites sources that don't actually exist.

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