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submitted 5 days ago by cm0002@lemmy.zip to c/usa@midwest.social

The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it's totally not a bubble according to grampa Powell.

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[-] MonkderVierte@lemmy.zip 31 points 5 days ago* (last edited 5 days ago)

but they actually have earnings.

Of course they have. But the spendings are bigger.

[-] MrMakabar@slrpnk.net 5 points 5 days ago

Microsoft, Nvidia, AMD, Oracle and Intel are all profitable. They might not be worth as much, but still.

[-] chonglibloodsport@lemmy.world 12 points 5 days ago

Those are all shovel sellers. People stop buying shovels when the gold rush goes bust.

[-] Mr_WorldlyWiseman 2 points 4 days ago* (last edited 4 days ago)

The shovel manufacturers will probably be fine, just reduced margins, but the shovel warehouses are so fucked holding nearly a trillion dollars of worthless shovels

In the words of Pat Gelsinger, we're about to see a lot of digestion.

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this post was submitted on 30 Oct 2025
135 points (100.0% liked)

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