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this post was submitted on 03 Mar 2025
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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Might be something interesting here, assuming you can get past th paywall (which I currently can’t): https://www.wsj.com/finance/investing/abs-crashed-the-economy-in-2008-now-theyre-back-and-bigger-than-ever-973d5d24
Today’s magic economy-ending words are “data centre asset-backed securities” :
@rook @blakestacey here's an archive Link https://archive.ph/h6fbA
this archive has it without paywall
Thanks. Not as many interesting details as I’d hoped. The comments are great though… today I learned that the 2008 crash was entirely the fault of the government who engineered it to steal everyone’s money, and the poor banks were unfairly maligned because some of them had Jewish names, but the same crash definitely couldn’t happen today because the stifling regulatory framework stops it? And bubbles don’t exist anymore? I guess I just don’t have the brains (or wsj subscription) for high finance.
Ah just what we need, while the people who don't understand soft power are busy reducing an empire to a kingdom (before 'gotcha' people come in here, please don't confuse the leftwing demands that the US stops doing evil things with the US should stop doing things, I actually do not like tuberculosis), growth hack mindset people are killing the goose because golden eggs.