Wallet Sum: Simple FinanceBubble or Revolution?
Every time a new technology sends prices soaring, we brace for an asset bubble to burst. But history points to a core difference between tulip mania and a genuine technological revolution.
AnthonyThe "correction", when it comes, is going to be ugly. The quantities of misallocated capital involved in this AI mania look to be even more staggering than previously reported.
I worry that few smaller companies or startups will survive, and the country will be pockmocked with half-constructed data centers and obsolete equipment. This is not like the dot-com crash that left useful and unused fiber optic networking.
https://www.wsj.com/finance/investing/private-credits-exposure-to-ailing-software-industry-is-bigger-than-advertised-d80da378
hashtag#AI hashtag#GenAI hashtag#GenerativeAI hashtag#software hashtag#tech hashtag#dev hashtag#AssetBubble hashtag#PrivateCredit
I worry that few smaller companies or startups will survive, and the country will be pockmocked with half-constructed data centers and obsolete equipment. This is not like the dot-com crash that left useful and unused fiber optic networking.
https://www.wsj.com/finance/investing/private-credits-exposure-to-ailing-software-industry-is-bigger-than-advertised-d80da378
hashtag#AI hashtag#GenAI hashtag#GenerativeAI hashtag#software hashtag#tech hashtag#dev hashtag#AssetBubble hashtag#PrivateCredit
PugJesusTULIPMANIA LET'S GOOOOOO
https://piefed.social/c/historymemes/p/1490755/tulipmania-let-s-goooooo
Nvidia alone is responsible for 11% of US GDP. There are approximately 20,000 corporations with >500 employees in the US.
This is not a healthy economy.
#AI #GenAI #GenerativeAI #NVIDIA #bubble #AssetBubble #economy
This is not a healthy economy.
#AI #GenAI #GenerativeAI #NVIDIA #bubble #AssetBubble #economy
Historian MattIn this video, James Jani explores the history of the crypto market. From the introduction of Bitcoin to the internet, to the NFT bubble, he discusses all aspects of the market and if it is all a scam.
#Crypto #JamesJani #Bitcoin #NFT #Ethereum #Scam #AssetBubble
Crypto: The World’s Greatest Scam.
Dick Smiths Fair Go Supporters#Australia really doesn't have any viable #media anymore.
#Disinfo has won.
#MyABC #NotMyABC #MurdochianPress #MurdochPrinterGoBrr #PumpAndDump #deplatformed #devolution #lateStageCorporatism #HomePriceInflation #AssetInflation #AssetBubble #theBeatingsWillContinue #immigration #debtPonzi #ponziEconomics #returnToPlanetPonzi #planetPonzi #FIRESector
Does anyone on #Fedi actually believe that a #debtJubilee is a good idea?
Our opinion is that rewarding #speculators (and punishing the #saver even futher) will create the most perverse of #incentives.
Maybe its just us, though…
#perverseIncentive #snakeOil #bigProperty #overdevelopment #realEstate #assetBubble #speculation #rewardBadBehaviour
PhillipI know I'm a day late, but here is frail for day 8 of inktober, I'll post day 9 this evening.