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this post was submitted on 12 Jan 2026
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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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Considering how Musks businesses are being prepped up by just his force of personality and not any real proper business practices I'm not sure we should belief any predictions of doom. See also how cryptocurrencies are still a thing, and just the price of gold (which doesn't really make sense re the actual practical usage of gold (the store of value in bad times thing doesnt really make sense to me, who is gonna buy your gold when the economy crashes? Fucking Mansa Musa?).
I know a bit more about stocks and businesses (both due to education, a minor talent in it, and learning some of it for shadowrun dm purposes (yeah im a big nerd)) and all this doesnt make any real sense to me re the economic/business fundamentals.
We should be careful to not turn into zero hedge re our predictions of the bubble popping ("It has accurately predicted 200 of the last 2 recessions" quote from rationalwiki), even of we all agree it is a huge bubble, and I share the same feeling that he is right on this. (See also how the ai craze is destroying viable supply businesses like the ram stuff (and more parts soon to come if the stories are correct))
We live in stupid times, and a very large amount of blame should prob fall on silicon valley, with the ipo offloading of bags bullshit. (And their libertarianism for others socialism for us stuff (see the bank which was falling over which turned them all into statists))