Does anyone remember #TheBigShort? It’s frankly astounding that anyone who paid attention during the 2008 #financialcrisis would be even remotely surprised that the #markets are behaving in a similar fashion. Fortunes were made on the backs of ordinary people & their homes back then. This time the parasites have centered themselves on the false belief that #ai is the ultimate way to increase #profit by eliminating the cost of #labor. As ‘irrational exuberance’ (aka funneling money to AI based on hopium) grows, the #bubble is that much closer to bursting. This time around the global #economy is in even greater danger https://finance.yahoo.com/economy/policy/articles/ai-boom-risks-global-financial-132934736.html
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