• 178 Posts
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Joined 2 years ago
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Cake day: June 9th, 2023

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  • AOC is right, if AI bubble burst, companies shouldn’t be bailed out. I want to remind people that not ALL bubble bursts have resulted in bail outs. When the dot-com burst, there were no bailouts. There was a short recession of 8 months, and the rest of the world continued on in its aftermath. When the commodities bubble burst, in the 2000s there was no bail out. When the housing bubble burst, there was bailout because banks had lent too much money into the housing bubble. If banks fail, there would be bank runs, and that contagion would have spread everywhere and the entire financial system would have collapsed. Currently, there are no bank debts nor bonds being issued to spend billions on AI data centers. The danger will be when leverage is used to fund these trillion-dollar outlays. Currently there is very little debt tied to AI bubble. Most of the AI spending is coming from the humongous tech companies with loads of cash on hand and with fat profit margins who are plowing it all into AI data centers. When it does go bust, their valuations will deflate but the business will still remain. Watch for use of leverage or debt in AI. Once it enters the equation, that’s where the systemic risk will begin to tick up.
























  • DODGE is a government agency and they were carrying out a political agenda they WON the election on. Guess what, this is what we are seeing happening across the US government. The same with ICE. More than HALF of your country wanted this. I don’t like what they’re doing but that’s the choice Americans made. If you want to reverse it, elect a government that can!

    There are very much other instances of us on the “left” doing this. People have gotten fired for being vaguely racist lgbt etc speech. This is very much the same type of argument they are making. This is echo chamber talk and the downvote that I am seeing is very much a reflection of the lack of self-awareness that we often accuse them of. Do reflect deeply, and not act just on the basis of your emotions and biases.

    Also, do dig deeper, some have said much more than “Kirk was hateful.”