If this was the US, yeah I'd agree with you, but it's not. EU values the spirit of the law, which changes things drastically. Before anyone comments otherwise, please search online what spirit of the law is and how it's different from the US (I want to avoid fast answers here, enable your "thinking" functionality before answering).
K2.5 said I should walk, then I asked it where my car was:
Ha! Good catch — you definitely got me there.
If the car wash is 50 meters away and you want to *wash your car*, you'll need to *drive* (or push it, but please don't). You can't wash the car if you walk there without it!
So to correct my previous advice: *Drive the 50 meters.* It's a 30-second drive max, and it's the only way to actually get your car to the car wash facility.
Unless, of course, you were planning to wash it at home and the car wash is just nearby for supplies? But assuming you're using the car wash facility — yes, bring the car with you!
Why would anyone use wero when the digital euro gets released?
The article briefly touches this point but dismisses it saying wero and the digital euro complement each other, but doesn't go into detail on how. I see no point in a privately run digital currency when we can have a public one. I guess whichever has good privacy, reliability, ease of use and speed will win.
A digital euro is intended to the the digital equivalent of cash. It is issued directly by the central bank. Currently, consumers cannot have an account at the central bank. They have a balance at a commercial bank, and the commercial bank has an account at the central bank. Right now, you must have a private middleman to do any banking. The digital euro should offer a public alternative to that.
(but it probably won't ever happen, because banks are lobbying against it with FUD campaigns, they feel like it threatens their existence)
Wero is something completely different. It allows consumers to easily pay merchants, mostly online. The digital euro is not a payment network in the same sense as Visa, Mastercard, iDEAL and others.
It says they'll have offline transactions, if they have that, then you can probably make those "offline" transactions from Kms away from the receiver. We'll see how things evolve, I'm still not convinced that wero will have any use once the digital euro arrives.
If this will pop sooner or later, where should I put my money on?
All IT companies will go red
The US economy will go red because IT companies will go red
Banks will follow because their investments depended on the IT market
Gold pumped but is falling now (maybe a good time to buy?)
Crypto is crypto so no one knows (although we are close to the pump season where everything 10x in value, but it's still a bet)
Europe is detaching itself from the US, so maybe there's something there?
Maybe we can just buy non perishable essencial products now, because everything is going to blow up in prices?
Still if I buy a 2£ can of beans, later sell it at 10£ because its market value increased to 15, I'm still losing. Not losing as much, but still losing, not to mention I need to find a buyer.
I could buy a house and sell it, but the housing market is a micro bubble where I live that it might pop as well by the time I sell.
So where do I put my money now, knowing that everything's going to blow up?
That is why the current admin keeps talking about (and trying to push) printing more money. Because the obvious plan is to inflate out of the mess. Which they have been a little.
The big question is, will they succeed at accelerating it or not?
Considering most folks feel like actual inflation is > anything they can get from a money market account (and hard to argue with them!), that is why we have the problem we have.
If actual inflation > IR you can get for safe investments, it means inflation is working as designed. Mainstream economists make the argument that anyone who saves money is selfishly hoarding resources that could be spent or invested. The Fed is supposed to print money to purposely cause inflation, precisely to "tax" this unsocial behavior and incentivize consumption, riskier investments, and debt.
I don't personally agree with this argument. But everyone should be aware that the argument exists, many economists endorse it, and it is used to guide policy in many countries.
The person I'm responding to thinks everything is going to blow up. That means he expects equities to worth a lot less than now. The obvious thing to do is to hold cash.
So I hold ln to my cash, the bubble pops and I lose 10% to inflation because eggs will increase in price by 10%, just so I can buy stocks at a discount and wait 5 years for a 10% increase post bubble pop?
Sadly international diversification is far less effective during downturns, which is exactly when you need it. It really turns out that the old adage "when the US sneezes the whole world catches a cold" is borne out by the evidence: https://earlyretirementnow.com/2017/08/23/how-useful-is-inte...
I started getting concerned about the US stock market being overvalued in about 2019. If I'd followed my gut and ditched the US entirely I'd have missed out enormously.
Unfortunately the "guys, it's getting a bit frothy" stage can last for years and years. If you pull out of the stock market whenever everything's looking irrationally overvalued you're probably going to fall behind the unthinking approach of continually investing the same amount every month.
Although I don't think investments are easy to "bubble-proof" I feel like your career choices can make you more resistant to catastrophe. The strongest strategy of all (if it's practical in your lifestyle) is to be nationally and internationally mobile so that your job search can cover the entire world, and you pick whichever employer is most desperate to find someone. After that, you can sometimes transfer internally to teams that are more robust (in my industry we have teams that design new facilities and teams that run existing facilities - the ones that design new facilities are far more vulnerable to ups and downs as projects get cancelled). Finally, you can make lots of casual contacts in your industry (we sometimes get together for coffee or beer with other people in our city who do a similar job at other companies) - then when you're made redundant, you've got the inside information of where new roles might come from.
On the cost side of the equation, your choices of "how big a house & car can I afford?" should learn towards being more pessimistic, but often there's not huge scope for choice there in the short term.
Long story short, the glib answer to your question "where do I put my money now, knowing that everything's going to blow up?" is "leave it in the S&P 500 and be aware that one day it will blow up"
Is it really a bubble? The AI boom is often compared to dot com bubble but was that a bubble? Sure if you bought immediately before the crash and sold after you lost a lot of money. But if you were just consistently investing in web based companies from lates 1990s to 2010, how did you do? Probably pretty well. Web did change the world and create an immense amount of wealth in the world and markets. You're just focused on a short time frame.
Even the real estate bubble in 2008. If you bought a home in 2005 and sold in 2009, sure you lost a lot, but if you just invested in real estate from mid 2000s and kept it for 10 years, you prob did pretty well. Even the great depression had a sharp readjustment, but look at pretty much any 10‑year windows, including great depression, you'll see ~10% nominal and ~5–7% real annualized equity returns.
I think AI will be similar. It's a paradigm shift. Some of todays companies will go under and stocks will crash but over 10+ years, I think it will be a great investment and the industry will flourish, much like the tech or real estate bubble.
I think a lot of investors are looking at Europe/EU as a safe heaven, because it actually has strong democratic institutions that hold up the rule of law, and not some maddening kind that can tank your investments on his mere whim and a tech/fin oligarchy, eager to please and profit him while keeping the pyramid scheme going (while they build doomsday bunkers in New Zealand), until it all blows in the public's face.
If I understood you correctly and my math is correct, your suggestions only cover 6% of 650 billion, the news is suggesting AI companies need more than 10x more. So either it's 5 billion people paying 60-80, or 500 million people paying 600-800/month, or something in between + a little extra.
https://openrouter.ai/qwen/qwen3.5-plus-02-15
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