Comment on The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops
neukenindekeuken@sh.itjust.works 3 days agoDepends on when the bust happens. If its in the current admin? All those tech companies are getting bailed out.
Comment on The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops
neukenindekeuken@sh.itjust.works 3 days agoDepends on when the bust happens. If its in the current admin? All those tech companies are getting bailed out.
Fermion@mander.xyz 3 days ago
I think that might actually send the US into a debt spiral that would require leaning into printing and inflation. Net interest for FY25 is $933 Billion putting servicing debt as the third largest federal expenditure. Any bailout will either be insignificantly small or will tank the dollar.
I’m not saying you’re wrong, but it would be an incredibly stupid thing to do.
skulblaka@sh.itjust.works 3 days ago
So we can pretty much bank on it definitely happening, got it.
LillyPip@lemmy.ca 2 days ago
It’s a good thing trump isn’t dumb enough to think US debt is easily solved by printing more money, right?
Wouldn’t that be crazy?
(I really hope this isn’t something he can actually do. It shouldn’t be possible, but neither should a lot of things he’s done.)