Comment on Let Trump cook...
theunknownmuncher@lemmy.world 4 days agoThe 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.
MajinBlayze@lemmy.world 4 days 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,