RE: https://mastodon.online/@mastodonmigration/116701458400797917
Totally get it, finance is boring and annoying to think about, but sometimes we are faced with economic conditions that require us to pay some attention.
In 2008 'credit default swaps' became household conversation as people watched their savings vanish.
Unfortunately we may all soon be talking about the AI 'CapEx trap', so maybe get a cup of coffee and take a few minutes this weekend to check out this short explainer.
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I don’t remember everybody talking about how much they hated the causes of former economic bubbles before they collapsed
Not that many passionately hated the dotcom boom
Or were in existential fear of other obscure investment issues
It’s interesting to see this crossover of cultural panic and loathing for the very wealthy with conservative retirement-investor concern
Interesting point. Getting people who could not afford them into houses was a good goal, if financially untenable. But, shoving AI down people's throats is both abhorant and potentially financially carastrophic.
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And bailing out banks but not homeowners didn’t win them any friends
Should have put the bankers in jail like they did in Iceland
Mastodon Migration
AccordionBruce