well the good news is that you’ll probably keep your home, the ai bubble is almost entirely concentrated within super high value companies with shitloads of money
this isn’t like the dot com bubble which was mainly startups and isn’t like the financial crisis where people were gambling with obscenely huge debt risks
the biggest impact i’ve read is if the big tech companies stop spending money on ai and the bubble bursts so to speak the US immediately goes into recession because big tech is propping up the US economy at the moment
but this doesn’t mean much because the us should already be in recession
outside of that i don’t think the contagion will spread that far
big tech is propping up the US economy at the moment
Watching the market it is very clear that there’s something very weird going on… no matter what’s been happening over the past couple of months, the market keeps going up. The most obvious is when the US government shut down this week, the market kept going up.
well the good news is that you’ll probably keep your home, the ai bubble is almost entirely concentrated within super high value companies with shitloads of money
this isn’t like the dot com bubble which was mainly startups and isn’t like the financial crisis where people were gambling with obscenely huge debt risks
the biggest impact i’ve read is if the big tech companies stop spending money on ai and the bubble bursts so to speak the US immediately goes into recession because big tech is propping up the US economy at the moment
but this doesn’t mean much because the us should already be in recession
outside of that i don’t think the contagion will spread that far
Watching the market it is very clear that there’s something very weird going on… no matter what’s been happening over the past couple of months, the market keeps going up. The most obvious is when the US government shut down this week, the market kept going up.
Minsky moment. It’s a Jenga tower, 90% of the “value” in the stock market is hype.