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    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOPEnglish
      18·
      2 days ago

      I find he does a good job digging into this stuff, but he tends to get underestimate how resilient the bubble is right now. He’s basically been predicting that the whole thing will come crashing down any day now for over a year. And obviously it will come crashing down at some point, but it still has some legs.

      • fox [comrade/them]@hexbear.netEnglish
        15·
        2 days ago

        No? He’s got a big list of tells that he thinks will start to turn investor sentiment away from AI, and he also frequently tells people he can’t and won’t predict a bubble collapse because the market is irrational.

        • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOPEnglish
          11·
          2 days ago

          I started reading his articles about a year ago, and he basically had me convinced that the bubble was going to pop imminently. While he does hedge a bit more now, you really get the impression that the crash is just around the corner. Again, I do think he is broadly correct, but I’ve come to realize there are a lot more financial tricks that are going to be played before the whole thing starts to unwind. That said, other factors could act as catalysts that trigger an imminent crash. For example, the looming energy shortage from the war on Iran is a likely one, and sticky inflation needing an interest rate hike could be another.