WE.ALL.SAW.THIS.COMING.
They saw it coming. This is a legal bank heist. The ultra rich rob the banks then will cry poverty (to big to fail) and demand to be rescued only rob the banks again another day. This isn’t the first time they’ve pulled this scheme, it won’t be the last. As long as it keeps working they’ll keep doing it.
I think they saw it coming as well.
There is a song playing, fewer chairs than people running and it is about to stop. They want to earn money and hope they are not the last one to sit.
They are playing a game and they know it
Some losses are about to get socialised
Is this finally the crack, or will they manage to paper over it and keep the bubble growing even further?
Gen-X, having lived through 1987 (Black Monday), ~2000 Dot-Com Bubble burst , 2008 global financial meltdown, and the 2020 COVID-19 crash:
Look, it’s another one of those one-in-a-lifetime events! How many now?..
As a 44-year old who lived through all of those once-in-a-lifetime events (you also forgot 9/11) just once in my life, I’d like a boring decade where nothing happens.
Between the wars, politics, global terror, economic upheaval and the general state of things… I’m really fucking tired boss.
We will never live in peace. It’s just greed and war all the way down.
I think there was an early 80s crash as well.
Whoa its updated and high res.
I’m doing my part by continuing to ask chatgpt questions constantly without paying them money. I have started using Claude at work as well. If I do it enough, they’ll eventually all realize it’s expensive af, and give up on it. That’s the hope anyway.
Edit: Also, fucking finally. Been waiting for this to happen for what seems like ages.
One of my favorite passtimes is going on a chatbot and asking it really out of left field questions. “Last night while I was sleeping I was woken up to my neighbor making fried eggs in my kitchen. The eggs were pretty good, but I’m concerned how he got inside. Do you know what seasonings he might have used on the egg? It was green.”
That’s a weird thing to do, but I’m here for it. I mostly ask it real technical questions about my game code to see if it can solve it, or find me a source that has already solved it. I usually Google it first tho. But every search engine has made their searches worse, so I don’t usually find what I want. Even just a year or two ago searches would pop up forum posts with the solutions to my issue someone else already asked and had answered. Now it’s like digging through a hay stack for a needle.
Everyone is hoping that we start arresting these politicians and tech bros when the bubble bursts but why wait?
So who should I short
Oh no, my life savings (2 sticks of DDR5) will decrease in value.
Yes, please. Yeah, they are gonna get bailed out, but:
- Not by my gov
- At least some of these AI cunts, driving the bubble, will end up broke, hopefully
So should I withdraw whatever i have in technology index funds, while I have the gains?
No, hang on until it’s all worthless like geniuses did in 2008 listening to Cramer.
If you have a place to park it that will earn more or lose less, definitely. Putting into cash will lose at least 3% per year.
I’m thinking withdraw my gains, wait for the crash, buy in again? Damn, it’s a gamble…
Timing the market usually fails. Dollar cost averaging can give you a small advantage.
Assuming that AI follows a similar path as the .com boom… A lot of companies will go under leaving a few companies who will benefit greatly. It’s not that AI is going away. We’re just pruning the dead wood.
Never time the market lol
The AI bubble won’t be a typical dip. Some, maybe most, of these companies will be wiped out. No idea as to who crawls out the blast crater, but there will be survivors.
YIPPIEEEE
Damn, my retirement fund is gonna look like shit the next few years but It’s over 3 decades until I’m gonna touch that money so I guess I’m fine. Not sure I wanna try to time the market and put it all into bonds for the next 1-5 years until the actual burst shows up. (It’s 85% global index)
Good thing the majority of my regular savings is in bonds and high-yield saving accounts.
It’s only down like 1% from last week. I wouldn’t change anything unless you can’t sleep at night. Could have an AI bubble pop like 30% of the market but I would expect it to eventually recover. I personally prefer not to worry so don’t have much in stocks compared to most people who have retirement accounts
over 3 decades until I’m gonna touch that money
Say hello to Anthropogenic climate tipping-points.
Burn it down… burn it down…
For some reason this reminded me of this song: https://m.youtube.com/watch?v=zug1B8DSkWw
Which I don’t think is much about being happy to see financial bubbles bust but kinda seems like it could be.
