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- cross-posted to:
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This alone could cause a cascading effect. Mark this day.
Don’t tease me with a good time.
The thing about financial bubbles is that once we realize the bubble has burst, we (people with little or no money) have already lost most or all our money.
The richest get to decide when to deflate the bubble.
The only thing the rest of us can do is to try to survive the fallout.
Idk, poor people definitely decided when the hoise bubble popped since we reached critical mass on mortgage defaults, making mortgage backed securities insolvent. So we did get to stick it to bankers by…
checks notes
…getting our homes forclosed on?!?
That’s rough
Well they’re not really deciding to deflate, they’re trying to outdo each other and deflation is a tactic of winning. It’s like, two rich people having a gun fight in a cafe with full-on autos, and we’re the patrons.
blood everywhere, completely destroy building, everything wrecked
“…why the fuck did you do that?”
“I had to win.”
AI was a bubble anyway, but it seems like he could be trying to force it to happen so he and his cabal of evil pedo billionaires can continue to extract money from and inflict suffering on society at large.
The recent GOP defections on the Epstein files might have the oligarchs worried they won’t get their bailout
Od say it’s more that he doesn’t want to be left holding the bag. Dump now and you sell near the top of the market.
AI itself isn’t a bubble & isn’t going away. Not saying it won’t change but I’d prefer to be a realist than someone who believes in things just cause I want them to be true.
What? Of course it is. The money circles from nvidia and back to nvidia, compromised mostly on vanity stocks backed by hopes and well wishes. It is like the definition of a bubble.
The money around AI is a bubble. AI will stay, but not in the same format. That’s why the poster above said “AI itself”, to differentiate between the technology and the financials of the technology.
We had the dotcom bubble and the housing bubble, both of which burst. We didn’t lose either the internet or housing. A bubble can burst without completely destroying the subject. It’s more of a massive correction, which is inevitable with AI.
Yes, which is what that poster is saying.
AI technology is not a bubble. Investment in AI technology is a bubble.
I’m long condo timeshares and day old bagels personally.
You just wait until those day old bagels become two day old bagels. That’s an enviable position to be in. Steam toasters to the moon.
