inclementimmigrant@lemmy.world to politics @lemmy.world · 10 days agoDemocrats Will Win Again Once the Economy Tankswashingtonmonthly.comexternal-linkmessage-square134fedilinkarrow-up1191arrow-down126
arrow-up1165arrow-down1external-linkDemocrats Will Win Again Once the Economy Tankswashingtonmonthly.cominclementimmigrant@lemmy.world to politics @lemmy.world · 10 days agomessage-square134fedilink
minus-squaredragontamer@lemmy.worldlinkfedilinkEnglisharrow-up1·10 days ago overdue That’s the problem. Bubbles keep growing until they don’t. And there’s no way to know when that will pop. This AI crap has been growing since 2016 AlphaGo or even 2012 IBM Watson.
minus-squarezbyte64@awful.systemslinkfedilinkarrow-up3·edit-210 days agoI don’t think we were financing loans with GPUs as collateral back in 2012 or 2016: https://pivot-to-ai.com/2024/11/04/silicon-valley-and-wall-street-invent-collateralized-gpu-obligations-surely-this-will-work-out-fine/
minus-squaredragontamer@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-210 days agoWell, it keeps getting worse until some point. But it took like a decade of shitty CDOs of CDOs finally collapsed in 2007. It got to the point where strippers (and other not so wealthy people) where buying 2 or 3 houses aiming to flip. Bubbles always bubble longer than expected And if Trump does the trillions in tax cuts like hes trying to do, then the economy floats longer
That’s the problem. Bubbles keep growing until they don’t. And there’s no way to know when that will pop. This AI crap has been growing since 2016 AlphaGo or even 2012 IBM Watson.
I don’t think we were financing loans with GPUs as collateral back in 2012 or 2016: https://pivot-to-ai.com/2024/11/04/silicon-valley-and-wall-street-invent-collateralized-gpu-obligations-surely-this-will-work-out-fine/
Well, it keeps getting worse until some point. But it took like a decade of shitty CDOs of CDOs finally collapsed in 2007.
It got to the point where strippers (and other not so wealthy people) where buying 2 or 3 houses aiming to flip.
Bubbles always bubble longer than expected
And if Trump does the trillions in tax cuts like hes trying to do, then the economy floats longer