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“To give you an idea of the scale of this bubble; if the stock market were to crash back to long-term averages, it would be equivalent to a $300,000 loss per U.S. household.”
“Put simply: you cannot re-engineer human behavior to accommodate an IPO roadmap – even as OpenAI reportedly lays the groundwork for a public offering with valuations floated as high as $1 trillion.”
The real point being that, according to the article in my previous post, the IPO needs to be valued at a trillion to raise enough funds to pay for existing commitments coming due in the next couple of years.
There’ve been a couple of comparisons to canal and railway expansion bubbles – but these bubbles were hugely expansionary for the economies involved, leading to much more trade and frequently much lower prices, to the extent that significant deflation occurred.
I’ve never realized where the amount of money expected from the AI cos would come from. An awful lot of money is being invested there with no certainty of a big return. Perhaps these AI cos will only be finally profitable if they are used to surveil and suck the means of living from all the serfs inhabiting the western world.
Otherwise their collapse will usher in a worse crash than the 30’s. Buckle up!
This article compares the 2008 property debt collapse, when all the loans reset after the teaser period, to the AI financing boom. The AI financial collapse will occur next year when the debt falls due and the revenues aren’t there. Just as with the property CDOs, all the information for the AI company collapses is there in plain sight, using the AI companies’ own, published, data.
Time for an updated “The Big Short”. The article doesn’t refer to Burry as being one of those who did realise what was about to happen, that the system could not survive the reset of all the two and three year mortgages from the teaser rates for NINJA borrowers.
“That is exactly what the Credit Suisse chart said in 2007. It was right, and it was ignored, and it was ignored for a reason that will be entirely familiar: at the moment it was published, every loan on it was still performing.”
They also point out that with the AI companies being 40% of the SM, that’s 40% of most people’s retirement funds …..
That guy is talking nonsense about the Iran situation, and the Middle East.
And the rest of it was just a bunch of gibberish that never really said anything.
He sounds like a polished propagandist.
Yeah, silver above $70 might create some problems in the pits for someone. They have a weak SM as cover for some selling and truth be told, we just haven’t seen the market pile in yet. In a way I think that might be good, let them pile in at higher prices. I mentioned silver is still below the 200 day, I’m hoping that when it breaks there’s a major explosion in our little sector.
Still pretty impressive with the QQQ’s down and silver down, no matter how you slice it. What a difference from a few weeks ago.
We have to do more than just vote. Trump’s one person, although not particularly up to bribes there’s other ways to influence him on things he’s not familiar with. We can all be affected by that it some way and why we need more minds and skills out there to work together.
Another thing I learned along the way since the people of the 1800s who were strong in body and mind. They used to call me a young person with a old soul or came back from that time. They were stronger than us today. Every generation since collectivly has gotten weaker and sicker and a easier life is probably part of it, and not wanting to come out of their comfort zone. Now their bombarded with social media, they were too busy for that. Many didn’t even watch TV when it came out, others selectively with others, or just to busy, rather spend time with family, friends and church activities and American Indians culture activities so it didn’t have as much influence as it does today and less to zero on children. They did read the paper and definely comcious of cost of things ” inflation.” Didn’t just accept it. I could only imagin what they’d do with these leftist, woke or Islamist migrants marching down their streets yelling allahu akbar. They’d either be met with a hail of bullets, buildings burning or a line of armed veterans and kicked out of the country as they should be.
Back for a few minutes. He sent me pictures too including the big gun the gunner who died was using I don’t know or remember what their called or their caliber but it was totalled and burnt. It was heartbreaking. I hope they gave him more than a purple heart and his memory not forgotten.
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