I wonder what the people over at Bear Stearns think oh wait they gone.
Comment on Everyday AI looks more like the '08 housing bubble
mojofrododojo@lemmy.world 2 weeks ago
Hold up everyone. It’s not a bubble.
“So it is true that valuations are high but, in our view, generally not at levels that are as high as are typically seen at the height of a financial bubble,” said Goldman Sachs strategist Peter Oppenheimer.
He’s from GOLDMAN SACHS LOLOLOLO I THINK THEY WOULD RECOGNIZE A BUBBLE LOL ah fuck me our economy is gonna splode
Bakkoda@sh.itjust.works 2 weeks ago
mojofrododojo@lemmy.world 2 weeks ago
this made me chortle into my cereal ty
BackwardMonkey@lemmy.world 2 weeks ago
I mean, what’s he gonna say?
cantstopthesignal@sh.itjust.works 2 weeks ago
Give me exit liquidity so I can buy the dip?
thespcicifcocean@lemmy.world 2 weeks ago
just short the companies that’ll be the most affected. probably nvidia is a good choice to short right about now.
Jyek@sh.itjust.works 2 weeks ago
I wish it were safer to make these sorts of sweeping gambles. Shorting Nvidia right now is like a pretty obvious bet but getting the timing right is the difference between generational wealth and a lifetime of poverty and debt.
mojofrododojo@lemmy.world 2 weeks ago
right? I just figured the “it’s not a bubble, guuuuys” crowd could find someone a tiny bit more credible lol
ubergeek@lemmy.today 2 weeks ago
Goldman Sachs also though NINA mortgages were a good idea, and they also thought it was a good idea to bundle bad mortgages in with good mortgages, and find a rater to mark them AAA investments.
And then we saw how that worked out.
mojofrododojo@lemmy.world 2 weeks ago
yeah, how could this go wrong?
at least after the crash those houses could be lived in. these datacenters are made for one purpose, AI, and really would have to be completely gutted and refurbed for general purposes… fun.