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
He may not be far off.
These bubbles usually last approximately five years. (Or at least that’s been the case historically.) We’re in year four. I’m actually keeping a portion of my portfolio in cash so when the crash comes I can take advantage, though I may move my whole retirement account into bonds and money market funds after the new year.
Replying to @FlashMobOfOne@lemmy.world
Trump just said in a response to a question about our $40 trillion debt (jesus, that’s a lot of zeroes), “You know, inflation, certain levels of inflation, will also pay off that debt very rapidly. Very rapidly.” www.msn.com/en-us/news/other/…/ar-AA2dpocG
So I hope that cash isn’t USD. Honestly, all currencies look pretty bad right now. And if Trump triggers Iran into destroying the Middle East (and maybe triggering Israel to nuke, if Trump hasn’t already), the only thing that’s going to be worth a damn is cigarettes and penicillin.
Astonishing really.
This is the guy running the US like a business.
Don’t worry about debt, just stoke up inflation so it does t seem like so much money.
Nothing could possibly go wrong with this plan.
Replying to @im_fine_sandy@nord.pub
The “he’s a businessman and he’s going to run the government like he runs a business” argument is as stupid as it was prescient.
Replying to @im_fine_sandy@nord.pub
The alternative is to put brakes on the economy by cutting government spending but he just started a war with Iran so…