posted in Technology
'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'
gizmodo.com/big-short-investor-expects-ai-bubble-burst-sooner-than-later-2000818889
Replying to @return2ozma@lemmy.world
It’s a safe bet.
The bubble will burst, that’s our boom-bust cycle. I think we’re at the point where it is always a few bad decisions away.
I’m actually impressed that it’s still going
Coincidentally, The FED was made to stop boom-bust cycles before WWI. It’s never, ever worked, and it will never start working.
Replying to @Mulligrubs@lemmy.world
Can you tell us what the FED is? The Federal Reserve?
Replying to @87Six@lemmy.zip
Yeah, that’s another term for the Federal Reserve.
Replying to @Mulligrubs@lemmy.world
Yeah the fed did a great job preventing the Great Depression lmao. You know what really stops boom/bust ? Taxing the wealthy and holding them accountable for their crimes. Also all those pesky monopoly regulations, post Great Depression regulations like glass stegal and other regulations that have been systematically dismantled in the last 40 years.
Replying to @Mulligrubs@lemmy.world
“the market cam remain irrational longer than you can remain solvent”