• danc4498@lemmy.world
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        26 days ago

        Don’t worry, the people responsible in 2008 were held accountable. They also didn’t profit massively off the economic collapse. Frodo also got the ring to Mordor. He had some help, but the ring was ultimately destroyed.

        • Rhaedas@fedia.io
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          26 days ago

          One part of that is just a story. As for the other part: I’m glad Frodo made it with help from his friends.

        • DickFiasco@sh.itjust.works
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          26 days ago

          My favorite quote from The Big Short:

          In the years that followed, hundreds of bankers and rating agency executives went to jail. The SEC was completely overhauled, and Congress had no choice but to break up the big banks and regulate the mortgage and derivatives industries.

          Just kidding. Banks took the money the American people gave them, and they used it to pay themselves huge bonuses, and lobby the Congress to kill big reform. And then they blamed immigrants and poor people, and this time even teachers.

          • Rhaedas@fedia.io
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            26 days ago

            Dr. Burry! If the investors withdraw, what’s gonna happen here? Are we done?

            Honestly, I don’t know! The… the… The bonds aren’t going down! They won’t move! It’s possible that we are in a completely fraudulent system.

            Or… you’re, you’re wrong.

            Sure! It’s possible, I just don’t know how!

            • kreskin@lemmy.world
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              26 days ago

              I thought his biggest failure was his raining hellfire on whistleblowers, kids protesting, and immigrants, but I’m willing to debate this. The real sting is that we had such high hopes and we got …that, instead, and then Biden after. I was so happy when Obama was elected the first time.

              • bedwyr@piefed.ca
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                25 days ago

                I never had high hopes, sadly I called it.

                For the most part, as usual the democrats did even worse than I thought they would, but I also called that, but they did worse than even I knew they would do worse.

              • jason@discuss.online
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                25 days ago

                2009 should have been the end of trying to “reach across the aisle.” 2010 should have been the end of the filibuster.

          • bedwyr@piefed.ca
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            25 days ago

            They blamed all the foreclosees loudly and publicly despite it being their own fault, while they got bailed out on our tax dollars. Insult to injury the rich blaming the foreclosees hardly even pay any taxes.

      • lorty@lemmy.ml
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        25 days ago

        2008 USA had the financial means to avoid the worst. This isn’t the case anymore.

    • bedwyr@piefed.ca
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      25 days ago

      If by fun, you mean existentially bad and the death of the republic in all but name to be replaced ultimately with military rule that will become increasingly despotic while the country burns, then yes, I would agree.

  • kreskin@lemmy.world
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    26 days ago

    If theres one thing the US stock market has, its plenty of clueless bagholders with more money than common sense.

  • humanspiral@lemmy.ca
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    26 days ago

    It’s happening!!! Bubble pop is happening!!! article is underplaying it.

    Coreweave debt pushed towards 16% yield today. The worst of the AI clusterfuck. Oracle, 2nd worse, move to 8% which is still absurdly low, but was holding 6% a week ago.

    Main headline, yes the big banks are selling off debt to losertards. At a discount. Insurance companies are the losertards chasing yield, but have big losses today.

    Nvidia, the circular financing backstop for the bubble, signaled today that it is just waiting for bankruptcies to swoop in instead of propping up the fraud. Bond/share holders will get crushed, and bubble dead, but still Nvidia will drive rampocalypse if the datacenters are still alllowed.

    • Echo Dot@feddit.uk
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      26 days ago

      The thing is the boat was very clearly going down when they got on.

      Everyone knew it was a pyramid scheme from the start they just thought there were at the top of the pyramid and now they’re worried because it looks like they’re a little further down than that so they’re trying to minimize their losses.

  • Bubbaonthebeach@lemmy.ca
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    26 days ago

    It’s about time for the ultra-wealthy to create another 2007 so they can wrench the last bits of wealth off anyone who isn’t already a $100Ms-billionaire.

  • jaykrown@lemmy.world
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    26 days ago

    Yep that’s the biggest sign that the bubble is popping I’ve seen after the OpenAI revenue news, and the CoreWeave bonds.

    • jj4211@lemmy.world
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      26 days ago

      Don’t worry, if we are in the bubble popping, we will have plenty of dominos falling and each one will have a chorus of techbro cheerleaders proclaiming that umm… actually it’s not a bad thing for whatever contrived reasons.

      • jaykrown@lemmy.world
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        25 days ago

        Yea I’ve already gotten responses like that, “this was planned” and other bullshit.

        • jj4211@lemmy.world
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          25 days ago

          So I was looking at some tech stocks that were showing varying amounts of decline for the week, and saw one that was 20% down. So I clicked the ‘why is it down 20%’ button and the AI response included “but as an AI centric company, it should recover and resume new highs”

  • Logi@lemmy.world
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    26 days ago

    That is on top of the $18 billion in bonds it sold in a single day last September

    That’s $6.57 trillion in annualized debt using AI bubble math.

    • kreskin@lemmy.world
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      26 days ago

      I dont know that we can collectively understand a number that big and what it means to us. People barely comprehend what a billion is.

    • Atropos@lemmy.world
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      26 days ago

      The year my paycheck lands on Jan 1, my personal financial projections are gonna look SO AMAZING

      • crank0271@lemmy.world
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        26 days ago

        Clearly you aren’t a megacorp. Just set your fiscal year to begin on the day of your paycheck. Checkmate, YNAB.

    • brackled@lemmy.world
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      26 days ago

      I don’t think the article is saying the business tactic is novel. It’s pointing out that they are having trouble executing it. Being stuck for 6 months trying to distribute $38B worth of debt is not a good indicator, especially as the AI world is still full steam ahead on generating more of this type of debt.

  • vane@lemmy.world
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    26 days ago

    $40B for banks are pennies. This website writes about $1.5T debt plan trough 2028 https://axis-intelligence.com/ai-data-center-financing-statistics/

    That’s still not much compared to gross profit for 2025 of the 5 biggest players listed on US stock exchange Google $240B
    Amazon $360B
    Microsoft $225B
    Meta $164B
    Nvidia $153B

    Sums up to $1.1T

    Oracle will get bailout or those investments will be acquired 100% if you think billionaires won’t protect themselves from basically owning this planet you’re stupid.

    • BauerBender@lemmy.world
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      26 days ago

      All of the “here comes the bubble pop!” people are hoping for the worst, but how many of them graduated college in 2009? How many of them worked at a laundromat with a college degree? How many of them made $10 an hour part-time in a market where houses cost $250,000?

      Recessions are bad. It’s bad now. Another recession is SCARY.

      • vane@lemmy.world
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        26 days ago

        Last time when lots of people got very poor in europe and whole countries couldn’t pay their debt, world war happened. It was around 100 years ago and all I hope this fucking don’t happen again but well this world is fucked again because of those technology hitlers who don’t share money with people but only accumulate wealth.

      • vane@lemmy.world
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        26 days ago

        Apple gross profit $195B. Cloud is real cash cow because of enterprise. Cloud companies hope to double their earnings by with ai offering. That’s the business. So all those servers are being build for enterprise offering of not existent products that no consumer want but corporate will force them because they want total power over people and corporatocracy.

  • Rcklsabndn@sh.itjust.works
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    24 days ago

    : dips toe in water:

    Holy shit! This bitch be wet! Just as our forefathers be-claimed… .’

    -‘WTF! There’s more water now! What ever will we do with all this water!?’

  • BigMacHole@thelemmy.club
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    26 days ago

    Oh NO! We NEED to Raise Taxes to PAY for these things OTHERWISE who’s going to Take Our Jobs while Poisoning Our Water while Killing Our Children while making Subpar Fruit Videos?

    -US Politicians!

    • UnderpantsWeevil@lemmy.world
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      25 days ago

      We NEED to Raise Taxes

      Nonsense. We’ll just cut spending, instead. Donnie Deals will try and plunder SS/Medi, after he scours away anything that’s left of public education and transportation.

    • kreskin@lemmy.world
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      26 days ago

      Dont worry, they will wait for the current tranche of laws to pass cementing that we can never create taxes specifically on the wealthy in the future. Like Californias prop 42

      https://calmatters.org/politics/2026/10/newsom-tax-propositions-november-election/

      Wasington’s IP26-645. Iowa’s comnstitutional ammendment. North Carolinas “constitional taxpayer protections”. Missouri’s ammendment 5.

      Protecting the wealthys money is all the rage lately, a brand new booming legislative goldrush.

      Then they will let the AI bubble implode-- not before. We have a few months still. Live it up. Play the market like its still the gilded age.

      • apudgypanda@lemmy.zip
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        25 days ago

        laws tend to stop mattering when the vast majority of people stop believing in a legal system and start rioting and dragging the rich from their homes and bunkers though