We heard about the debt derivative crash coming from 2006. If you said it was coming people laughed at you and called you stupid, mostly Harvard grads.
Sure, some people heard about it in 2006. Not many, and even the people sounding alarms were called cranks up until the day after Lehman collapsed. However, right now a lot of social media is full of people basing the bubble’s “any second now!” metrics on emotional AI-hate arguments, not real data points. I also thought we had crossed the line at some point, and that was 6+ months ago. Since then the Big 4 have been getting large contracts, which isn’t exactly a sign of a hollow middle.
I’m sure we’ll see in a couple years who was right, but I only see this as a fractional bubble where pieces fail individually, not the whole system as one.
We heard about the debt derivative crash coming from 2006. If you said it was coming people laughed at you and called you stupid, mostly Harvard grads.
Sure, some people heard about it in 2006. Not many, and even the people sounding alarms were called cranks up until the day after Lehman collapsed. However, right now a lot of social media is full of people basing the bubble’s “any second now!” metrics on emotional AI-hate arguments, not real data points. I also thought we had crossed the line at some point, and that was 6+ months ago. Since then the Big 4 have been getting large contracts, which isn’t exactly a sign of a hollow middle.
I’m sure we’ll see in a couple years who was right, but I only see this as a fractional bubble where pieces fail individually, not the whole system as one.