Which would suit me fine if it was just that sector’s value that evaporated. I’d be happy to never hear of OpenAI, Anthropic or even NVidia ever again. But it won’t just wipe them our, it’ll hit the vast array of banks, investment funds (including people’s superannuation and 401ks) funding them, and kill the world economy.
It should still definitely happen though, and sooner rather than later, the longer it’s delayed the bigger the bubble gets and the longer the recovery is likely to be.
Fuck the banks first of all I hope they die. But the feds will bail them out, either party, both parties will bail them out, borrowing other peoples’ money is their reason for being.
Which would suit me fine if it was just that sector’s value that evaporated. I’d be happy to never hear of OpenAI, Anthropic or even NVidia ever again. But it won’t just wipe them our, it’ll hit the vast array of banks, investment funds (including people’s superannuation and 401ks) funding them, and kill the world economy.
It should still definitely happen though, and sooner rather than later, the longer it’s delayed the bigger the bubble gets and the longer the recovery is likely to be.
Fuck the banks first of all I hope they die. But the feds will bail them out, either party, both parties will bail them out, borrowing other peoples’ money is their reason for being.