Markets are cyclic and we’re overdue for the AI bubble to pop. But I don’t think that automatically means the Democrats can win another presidential election or win the Senate.
That’s the problem. Bubbles keep growing until they don’t. And there’s no way to know when that will pop. This AI crap has been growing since 2016 AlphaGo or even 2012 IBM Watson.
Markets are cyclic and we’re overdue for the AI bubble to pop. But I don’t think that automatically means the Democrats can win another presidential election or win the Senate.
That’s the problem. Bubbles keep growing until they don’t. And there’s no way to know when that will pop. This AI crap has been growing since 2016 AlphaGo or even 2012 IBM Watson.
I don’t think we were financing loans with GPUs as collateral back in 2012 or 2016: https://pivot-to-ai.com/2024/11/04/silicon-valley-and-wall-street-invent-collateralized-gpu-obligations-surely-this-will-work-out-fine/
Well, it keeps getting worse until some point. But it took like a decade of shitty CDOs of CDOs finally collapsed in 2007.
It got to the point where strippers (and other not so wealthy people) where buying 2 or 3 houses aiming to flip.
Bubbles always bubble longer than expected
And if Trump does the trillions in tax cuts like hes trying to do, then the economy floats longer