Comment on Let Trump cook...

• theunknownmuncher@lemmy.world ⁨1⁩ ⁨month⁩ ago

  The parts of the economy that would be heavily impacted by oil prices

  Literally all of it. www.investopedia.com/…/oilpricesinflation.asp

  are already in the gutter.

  You’re not wrong. Does not refute my claim though.

  source

  • MajinBlayze@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Segregate the market into “AI” and “non-AI” segments for simplicity. Looking at the thousand or so “investors” who’s money matters at this scale, there’s no point in selling “non-AI” stock to fund “AI” investments already, these markets are already low. Adding the Iran war to that isn’t changing anything. More likely, they are borrowing against existing “AI” stock and reinvesting that (oversimplification, but speaking broadly). Additionally, one of the big sources of these loans is Saudi Arabia, which benefits from the higher oil prices.

    The only other way in which oil prices impact “AI” is through energy costs, which impacts the immediate profitability of “AI”, which “investors” have shown they are unconcerned with.

    Or, to simplify,

    Nothing about the war in Iran affects the bubble

    source