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'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later' (gizmodo.com)
submitted 1 week ago by to c/technology@lemmy.world
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[–] 22 points 1 week ago (4 children)

He's predicted around sixteen market crashes so far by my count. The dude got lucky once and has been riding the fame ever since. I'm not necessarily disagreeing that this whole thing will crash, but timing is the important part and he keeps missing it. I'll not be making any financial decisions on his recommended timeline anytime soon. He may as well be Dave Ramsay imo.

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  • [–] 2 points 1 week ago (2 children)

    Trump will make sure it doesn't crash by avoiding all regulations and anything that would make shareholders sweat.

    "AI investment" is the reason why we're not in a full blown "official" recession. He doesn't want a recession for "his" economy while he is president. When the AI bubble bursts the GOP will be blaming the Democrats and will ask to be put back on power again

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  • [–] 5 points 1 week ago* (1 child)

    The question is can he float the problem for that long, the current pace of AI investment simply requires more returns than are possible, something like 1/5 of the entire GDP of the united states at a minimum yearly. At some point the emperors lack of clothes will become impossible to hide no matter how much they try.

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  • [–] 2 points 6 days ago*

    Not to mention US debt is currently in a precarious position right now. I don't understand how one can even possibly bailout these companies while the USA is sitting on a dicey position itself.

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