| ▲ | colechristensen an hour ago | |
We're in a pretty big bubble predicated on the idea that AI is going to have a lot more value than it actually will. Not that it's not going to be useful, it just isn't going to be the incredible force multiplier the market thinks it is. This speculation, gas prices, tariffs, etc. are going to result in a 2009-ish bubble pop I'm guessing which will be triggered by particularly bad private credit default news (perhaps a sizable bank failing?) and or some major news triggering the reevaluation of the AI hype poking at some systemic banking issue or another. | ||
| ▲ | clove 20 minutes ago | parent [-] | |
I'm not saying your wrong, and I'm not trying to be antagonistic, but when I read your comment, I uncontrollably began imagining I was reading one of those reader-submitted comments in a newspaper about the internet in the 90s. Again, I'm not saying you're wrong, but I was somehow teleported to a future in which AI is ever-present in the same way the net is now and trying to reconcile your viewpoint, which was impossible. Of course, my hallucination does not dismiss the possibility that we are in a bubble. Wasn't CSCO something like 200x PE during the dot com bubble? People see immense potential in an idea but don't know how to properly price it, and so we get what is seen as essentially infinite expected growth priced into companies and their products. My $3k laptop has nearly the best components on the market right now. The problem is that it has a poor build (MSI) and is falling apart in a way that's not repairable. I looked into purchasing an equivalent-or-better laptop, and I couldn't find anything under $6 for essentially the same specs, and over $10k for a significant upgrade. Though I need my laptop for work, I decided just to ride it out till it's death. | ||