Bubble. AI bubble.
What fucking boom?
AI spending is the only things keeping GDP up
Probably, but it’s also sucking the oxygen out of other things.
A lot of the downward pressure on other industries is caused by the AI spending. The investors have withheld money from most companies, most companies can not get IT equipment because it’s all been redirected to the AI companies, construction of anything other than datacenters have had equipment and manpower sucked out of it.
Anyway, financially certainly a ‘boom’, but maybe not the good kind.
The economy going BOOM after the hype has settled
Futures are up though? I’m confused.
it’s all made up and the points don’t matter.
Moreover the people with all the money can manipulate the numbers in this case manipulated retraction.
This sort of idiotic bandwagoning unmoored from reality and sensibility is one of the big reasons I no longer treat the stock market with any seriousness. The market drops because… checks notes… the unsustainable bubble that is already starting to pop is probably going to get reined in, and tariffs are probably going to be repealed leading to increased international trade…? 😐
Well rising interest rates around the world + more attractive stocks for traditional businesses are no longer strangled by tariffs. Migrating that capital isn’t going to be favorable for a sector that needs every single penny.
Any chance for big-business conservatives to scare the uneducated with the boogeymen of regulation and taxation on the wealthy (NBC is owned by Comcast, and is run by Michael Cavenaugh, a former banking and private-equity CEO).
Musk is dropping, not the market. His bubble was based on political corruption. Why do you think he spent half a billion dollars, political ideology?
The US market is expected to drop because the US market is massively overloaded with bubble tech stocks. DJIA and VGK (FTSE Europe ETF) are up in extended hours. Even VUG (Vanguard Morningstar Growth; US growth stocks ETF) is up.
If you don’t want it to pop you have to let the air out slowly. If you don’t want to let the air out slowly what do you want exactly?
Keep inflating - line must go up exponentially. It has worked for the last months/years, so why change?
Ah, I am glad this Blue Tsunami is going to make the parasites panic. But we need to make sure to capitalize on this victory. As it is useful if we make our new reps actually wield their power! If we can make the rich elite panic as a bonus action and keep them reeling, this will be the perfect time to separate a rich person from their money. Got to keep it cute, fresh, and fun!
How about seperating them from their heads & their money?
That is always the difficult part, motivating people to address the source of the problem. Violence might not be the best way to do it though, but. If the frustrations build up enough, that frustration will seek a route of that nature. If Rich people are not held accountable and forced to stay the fuck out of matters they should not be meddling in.
Yeah, my thinking is that violence (and the accompanying glee from the public) would have a deterrant effect on the other oligarchs for a generation or so.
Kinda like how, after seeing the reaction to Luigi’s vigilantism, Blue Cross very quickly walked back their plans to put time constraints on their coverage of anesthesia.
It’s not necessarily my favorite path, but history tells us that it is an effective one.
This has already reversed and been updated
Premarket TSLA is dropping fast, as is SpaceX.
Bad time to be a corrupt Nazi cunt.
This pleases me
We’ll see if the oligarchs are too stupid to wait until January to crash the economy. Got to wait until the dems are seated before you blame it all on them!
they don’t need to. Most people are dumb enough to think it’s all dem’s fault for anything that happen since them winning the elections
The S&P 500 was up one year after all 11 midterms from 1982 through 2022, averaging a 13.7% gain. Returns were positive in 91% of cases across the 1980–2024 analysis of elections
I hate these sort of statistics, that pretend one singular factor is a predictor above all things. A whole lot of stuff is going on apart from the midterms that matter a lot more and is unlikeyl for the midterm results to meaningfully shift.
Stock prices are a bubble, but I think AL itself not a bubble. AI is really doing a good job at coding and has really caused millions of people to lose their jobs
Some utility does not preclude a bubble.
Almost every bubble has a solid core of value in there, it just doesn’t match the level of financial investment associated with it.
2007 bubble featured housing as a pillar, and of course housing is highly valued. The internet tech bust of 2000, and clearly the internet had a role to play, even a transformative one, but still a financial bubble.
Here we have a blend of bubble factors:
- A shiny new tech with some utility, but unclear precisely how it will shake out and who will endure, like the .com
- Dubious institutional lending, similar to the 2007 situation, but with these datacenter operators instead of homeowners
- Meme stocks being a sign of a bunch of folks going all in on 1920s style irresponsible investment, going big on margin debt especially
With all those factors in play simultaneously with the impossible magnitude even in relative terms compared to bubbles past… When it pops it’s going to be nasty. We have more understanding and techniques to manage such a case, but they will be strained in unprecedented ways.
Let’s hope for the collapse of AI 😅 , Humanity can live without AI!
A bunch of companies are panicking and rehiring people because the LLMs are worse, slower, and/or more expensive than people, though. Causing people to lose their jobs doesn’t require it to actually do the jobs better, it just requires CEOs to think that it can replace people, which turned out to be far easier.
Could you please list these companies and compare them by the number of employees laid off because of AI?
Here are some examples. Keep in mind that this is just companies that have rehired and admitted it; others are rehiring under another name (e.g. “we cut our workforce because of AI, then it was so successful that we grew and added more jobs” when they’re actually the exact same jobs) and still others are just taking the traditional path of laying off people who were actually needed and then shoving the work onto the remaining employees, degrading their products, and so on.
Also, a lot of companies labeled their layoffs as AI not because they actually had anything to do with AI, but because the company was in financial trouble and needed to lay people off, but claiming it was due to AI made the stock price go up instead of down.
