The bear market in stocks will continue, and the S&P 500 will decline an additional 30-45%. VC-backed and unprofitable early stage companies will continue to remain at the center of the storm as access to capital further deteriorates. The crypto bear market also accelerates. Open Philanthropy has to cut its spending target again and GiveWell again falls short of its goals. The EA community realizes how linked it was to frothy financial asset valuations.
EAs appeal to Warren Buffett and Mark Zuckerberg to consider filling some of the gaps, and one or both of them commits to doing so.
The bear market in stocks will continue, and the S&P 500 will decline an additional 30-45%. VC-backed and unprofitable early stage companies will continue to remain at the center of the storm as access to capital further deteriorates. The crypto bear market also accelerates. Open Philanthropy has to cut its spending target again and GiveWell again falls short of its goals. The EA community realizes how linked it was to frothy financial asset valuations.
EAs appeal to Warren Buffett and Mark Zuckerberg to consider filling some of the gaps, and one or both of them commits to doing so.