FoxtrotDeltaTango@sh.itjust.works to News@lemmy.world · 1 day agoThe AI bubble looks fit to burst, Bank of America director says.moneywise.comexternal-linkmessage-square37fedilinkarrow-up1207arrow-down11
arrow-up1206arrow-down1external-linkThe AI bubble looks fit to burst, Bank of America director says.moneywise.comFoxtrotDeltaTango@sh.itjust.works to News@lemmy.world · 1 day agomessage-square37fedilink
minus-squareArchangel1313@lemmy.calinkfedilinkarrow-up48·23 hours agoWouldn’t it be neat of a ton of really rich assholes, suddenly woke up poor?
minus-squarejj4211@lemmy.worldlinkfedilinkarrow-up16arrow-down1·16 hours agoOh no, I was a billionaire now I’m slumming it with 700 million… More common: I am 65 years old and my retirement just imploded.
minus-squareRepublicansAreEvil@lemmy.worldlinkfedilinkarrow-up1·9 hours agoEh they can’t let it get that bad or else they know humanity will truly embrace socialism and vote to strip mine the wealthy of their assets.
minus-squarejj4211@lemmy.worldlinkfedilinkarrow-up2·8 hours agoWhy do you think folks like Peter Thiel and Larry Ellison are pushing “law enforcement” and mass surveillance so hard? At least some of them believe they can credibly secure themselves against the masses easier than they can appease the masses.
minus-squareXanthobilly@lemmy.worldlinkfedilinkarrow-up22·21 hours agoYes, but they’ll socialize the losses.
minus-squarepulsewidth@lemmy.worldlinkfedilinkarrow-up4·22 hours agoIf only this only impacted them. The flow on effects of a major market crash are never isolated to just the stupid assholes building the bubble.
Wouldn’t it be neat of a ton of really rich assholes, suddenly woke up poor?
Oh no, I was a billionaire now I’m slumming it with 700 million…
More common: I am 65 years old and my retirement just imploded.
Eh they can’t let it get that bad or else they know humanity will truly embrace socialism and vote to strip mine the wealthy of their assets.
Why do you think folks like Peter Thiel and Larry Ellison are pushing “law enforcement” and mass surveillance so hard?
At least some of them believe they can credibly secure themselves against the masses easier than they can appease the masses.
Yes, but they’ll socialize the losses.
If only this only impacted them.
The flow on effects of a major market crash are never isolated to just the stupid assholes building the bubble.