"the stock market looks like gambling but it's actually fraud"
Pablo Torre's investigation into all the ways money got funneled to Kawhi as part of the Clippers stadium build is illuminating; so much corporate expenditure is just corrupt exchange it's ridiculous.
The only question I have is how hard will this bubble pop compared to the dotcom or subprime mortgage crashes?
During the Dotcom and subprime crashes, the federal government had some semi-compentant beaurocrats to mitigate the effects and speed recovery. There was also multiple countries that worked together to mitigate the issues.
Today the AI bubble is much more massive than either of the previous. All of the fundamentals of the economy are weakened due to trade wars and international cooperation is unlikely. The effective beaurocrats have been laid off due to doge and other shenanigans.
So it's going to be bad, like really, really bad.
I think this one might take down the US dollar tbh.
Bessent is way out of his depth.
Incestuous bubble.
Churning the funds,churning the funds.
More circular finance.
He looks so fucking stupid, like a bad actor trying to play an evil genius
Circle jerks
It's the circle of ~~life~~ AI
And it moves us all
Through ~~despair~~ money and ~~hope~~ debt
Through ~~faith~~ VC's and ~~love~~ IPOs
Till ~~we~~ they ~~find~~ crash our ~~place~~ economy
On the path unwinding
In the circle
The circle of ~~life~~ AI
🦁
Ewww
Nvidia Corporation is an American multinational corporation and technology company. It is a software and fabless company which designs and supplies graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing, as well as system on a chip units (SoCs) for the mobile computing and automotive market. Nvidia is also a dominant supplier of artificial intelligence (AI) hardware and software.
Nvidia's professional line of GPUs are used for edge-to-cloud computing and in supercomputers and workstations for applications in such fields as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design. Its GeForce line of GPUs are aimed at the consumer market and are used in applications such as video editing, 3D rendering and PC gaming. The company expanded its presence in the gaming industry with the introduction of the Shield Portable (a handheld game console), Shield Tablet (a gaming tablet) and Shield TV (a digital media player), as well as its cloud gaming service GeForce Now.
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