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Comment on Everyday AI looks more like the '08 housing bubble

henfredemars@infosec.pub ⁨3⁩ ⁨weeks⁩ ago

Yes! The problem is that we won’t accept the full correction that is actually required. We print money, we buy securities, we find ways to prop to reduce the pain but we end up shifting the weakness to other areas of the economy.

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WanderingThoughts@europe.pub ⁨3⁩ ⁨weeks⁩ ago
The amounts going around now are getting too big for a government to cover. Instead of too big to fail, they’re now too big to bail.

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- henfredemars@infosec.pub ⁨3⁩ ⁨weeks⁩ ago
  Nonsense. We can print an unlimited amount of dollars.
  
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  - eatCasserole@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
    Well if they want to devalue the US dollar…that’ll do it.
    
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    henfredemars@infosec.pub ⁨3⁩ ⁨weeks⁩ ago
    Last time I checked gold and silver were at all time highs and the dollar was down more than 10% YTD.
    
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  - WanderingThoughts@europe.pub ⁨3⁩ ⁨weeks⁩ ago
    That sure sounds like “to save the economy, we need to destroy the economy”.
    
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Reverendender@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago
Like tax paying individuals

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architect@thelemmy.club ⁨3⁩ ⁨weeks⁩ ago
Yep so now when it hits it’s going to be really bad.

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