All the vampires walkin’ through the valley\
Move west down Ventura Blvd\
And all the bad boys are standing in the shadows\
All the good girls are home with broken hearts\
And I’m free, I’m free fallin’
All the vampires walkin’ through the valley\
Move west down Ventura Blvd\
And all the bad boys are standing in the shadows\
All the good girls are home with broken hearts\
And I’m free, I’m free fallin’
We’ve been getting this warning for years. Over the same time, the value of these stocks have not diminished.
It’s the exact same article that gets printed twice a month going on 40 years.
I would bet even money that it is itself AI generated, at this point.
There is little evidence that a differentiating factor between an economic bubble and genuine economic growth surrounded by a halo of hype is the duration that the growth can sustain itself.
What determines whether a bubble pops or not is not logic but rather belief, there are numerous documented instances of bubbles that were loudly talked about and systematically ignored by those in power that sustained themselves for many years before everything came crashing down.
This isn’t magic, the bubbles still pop once the numbers don’t add up, but the costs are obscured and offloaded to the environments around the bubble so that the entire collective pie diminshes but the relative power and perception of value in the bubble is retained right up until a more systematic collapse occurs.
No this is not the same article, there is a diverse variety of reporting on the financial scam that AI embodies multidimensionally.
Well… there’s harder economic realities that people eventually bump into. And that shapes belief in the credit markets and the investment banks.
For instance, Greenspan hiking interest rates from 2006 to 2008 was what put Lehman Brothers and Bear Sterns under pressure to cover an escalating interest payment. When they began to default, all their creditors panicked (justifiably) and began withholding shorter term lending. And that accelerated the collapse. But because of the network of interbank lending, Lehman tugged on the strings of Goldman, WellsFargo, BoA, JP Morgan…
It wasn’t just vibes. There was a material credit crisis resulting in Bear Sterns - specifically - not having enough money in the till to pay its credit notes. And because everyone was so highly leveraged, there was a real accountable cascade of defaults.
In theory, bigger institutions could have backstopped the slide by offering even more generous credit terms (which is what the Federal Reserve / US Treasury ultimately did). The “vibes” part was the risk/reward analysis. Everyone could see the looming risk. Relatively few executives could conceive of the long-term consequences of a collective bank run.
Same thing this time but since Banks aren’t allowed to be this blatantingly shady Private Credit/Equity is is playing the role of facilitator of collapse.
😆
Which are just a backchannel for the original Banksters, in the same way that Bear Sterns and SVB were back doors for the bigger and more heavily regulated formal banking sector prior to their own implosions.