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return2ozma@lemmy.world to Technology@lemmy.worldEnglish · 1 month ago

'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'

gizmodo.com

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'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'

gizmodo.com

return2ozma@lemmy.world to Technology@lemmy.worldEnglish · 1 month ago
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The investor famous for predicting the 2008 housing market crash is expecting stocks to tumble next year.
  • schipelblorp@sh.itjust.works
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    1 month ago

    Trump just said in a response to a question about our $40 trillion debt (jesus, that’s a lot of zeroes), “You know, inflation, certain levels of inflation, will also pay off that debt very rapidly. Very rapidly.” https://www.msn.com/en-us/news/other/trump-just-soft-launched-higher-inflation-as-the-new-solution-for-rebalancing-the-40-trillion-us-national-debt/ar-AA2dpocG

    So I hope that cash isn’t USD. Honestly, all currencies look pretty bad right now. And if Trump triggers Iran into destroying the Middle East (and maybe triggering Israel to nuke, if Trump hasn’t already), the only thing that’s going to be worth a damn is cigarettes and penicillin.

    • Arancello@aussie.zone
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      1 month ago

      Apparently this was covered in an article in Fortune magazine. in it they state trump called it a ‘soft default’ on usa debt.

      This is basically not paying debts. it’s consistent with trump practices. Afterall, didnt he bankrupt 40 companies including 6 casinos? he’s just moving on to bigger fish by bankrupting the usa now.

      • group_hug@sh.itjust.works
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        1 month ago

        Tech billionaires were late to the party showering trump with money to get him elected.

        Cryptobros were there first. They want the dollar at zero.

      • kestrel7_7@lemmy.world
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        1 month ago

        Who could have possibly seen this coming??

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