Fully agree. At least in the past bubbles, some parts of it trickled to the rest of the economy and we had a societal bonanza.
During the dotcom bubble you could start a company and make millions out of thin air, you’d pay your engineers ridiculous amounts and everyone could get a job.
During the housing bubble everyone could get loans and buy a house, live a decent life for a moment. Real economy, not just Wall Street, was soaring.
AI bubble? Layoffs for everyone. Sense of impending doom all around. Clear signs of financial manipulation directly in front of us. Egomaniac CEOs being obnoxious. Inflation racing. Fucking lame, kill it now, please and let’s start over.
All of these of course resulted in misery, and it’ll come again. But fuck it, at least the other bubbles were fun.
Fully agree. At least in the past bubbles, some parts of it trickled to the rest of the economy and we had a societal bonanza.
During the dotcom bubble you could start a company and make millions out of thin air, you’d pay your engineers ridiculous amounts and everyone could get a job.
During the housing bubble everyone could get loans and buy a house, live a decent life for a moment. Real economy, not just Wall Street, was soaring.
AI bubble? Layoffs for everyone. Sense of impending doom all around. Clear signs of financial manipulation directly in front of us. Egomaniac CEOs being obnoxious. Inflation racing. Fucking lame, kill it now, please and let’s start over.
All of these of course resulted in misery, and it’ll come again. But fuck it, at least the other bubbles were fun.