'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'
9 days ago by return2ozma to c/latestagecapitalism
He's called the bubble popped at multiple points and has gotten it right exactly once. He said the small and regional banks would fail, said insurance industry was ready to fail, called crypto bubble failures, healthcare bubble, etc etc etc. His twitter is a skitzo conspiracy fest of predictions that never happened.
The market does crash when enough people believe in skitzo conspiracy theories, tho.
And this one has overwhelming popular acceptance.
He tried to short it a while ago and then saw exactly how much VC money was getting set on fire and realized that this time he couldn't stay solvent long enough to cash out.
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I'd really like it if people stopped dropping "rather".
@lemmy.world
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@lemmy.world
A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.
A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.
RULES:
1 Understand the left starts at anti-capitalism.
2 No Trolling
3 No capitalist apologia, anti-socialism, anti-communism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.
4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.
5 No bigotry, no racism, sexism, antisemitism, homophobia, transphobia, ableism, or any type of prejudice.
6 Be civil in comments and no accusations of being a bot, 'paid by Putin,' Tankie, etc. This includes instance shaming.
Introduction to Socialism (external links)
Marxism-Leninism Study Guide: Basic Course
go to feed...
Wish it pop now get it over with.
save