100% with you, I'm just not sold that it achieves it.
Bad Economic Predictions
Bad Economic Predictions
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Bad Economic Predictions
Is the bubble bursting right now?
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Bad Economic Predictions
Oh damn, their stock is all the way back to where it was in June with a $514 Billion market cap. 
I hate ORCL with a passion, but I don't think they're failing.
I hate ORCL with a passion, but I don't think they're failing.
It's not me, it's someone else.
Bad Economic Predictions
Ok, so we've discussed the NVIDIA, Oracle, OpenAI circle jerk at the center of the AI bubble.
Oracle is in trouble. Like Catt said, they're not going to go under, but investors are hedging their bet that they're not going to be able to deliver everything they're claiming.
Now, NVIDIA might be in huge trouble too thanks to Google. BTW, this is not just this dude's opinion. A tech news podcast I listen to just did a big report on this a day or two ago.
There's a lot of IFs here and it probably still doesn't mean the AI bubble bursts...yet.
Oracle is in trouble. Like Catt said, they're not going to go under, but investors are hedging their bet that they're not going to be able to deliver everything they're claiming.
Now, NVIDIA might be in huge trouble too thanks to Google. BTW, this is not just this dude's opinion. A tech news podcast I listen to just did a big report on this a day or two ago.
There's a lot of IFs here and it probably still doesn't mean the AI bubble bursts...yet.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Bad Economic Predictions
Interested to see if this turns into anything
It's not me, it's someone else.
Bad Economic Predictions
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Bad Economic Predictions
Honestly, unchecked greed is going to collapse our system.
As I've taught my kids: Moderation is the key to success and happiness.
As I've taught my kids: Moderation is the key to success and happiness.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Bad Economic Predictions
Something big apparently happened last night around silver.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Bad Economic Predictions
I've seen copper is up 50% as well.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Bad Economic Predictions
Silver's ride this year has been WILD. I remember $4 silver in the early 2000s, or maybe $5. It was dirt cheap. Started the year at $30, hit $78 or so recently.
I can't find anything about the bank crash from legit sources. Current rumours are a European bank.
I can't find anything about the bank crash from legit sources. Current rumours are a European bank.
It's not me, it's someone else.
Bad Economic Predictions
In trading news, I lost the link, but I saw "Inverse Jim Cramer" was outpacing Nancy Pelosi stocks. If true, I'm better at gambling than Jim Cramer is at the stock market.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Bad Economic Predictions
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Bad Economic Predictions
There's a metric I've never heard of or looked at before.
Bigger fan of CAPE: https://www.multpl.com/shiller-pe
Which tells a similar story.
Bigger fan of CAPE: https://www.multpl.com/shiller-pe
Which tells a similar story.
It's not me, it's someone else.
Bad Economic Predictions
So, say we don't know that the AI bubble is a giant circle jerk that will inevitably pop, based just on these metrics, would you be predicting a bubble burst?
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Bad Economic Predictions
These metrics certainly point to an over-valuation. US economic growth would have to exceed that of the past 30 years to make these valuations realistic. Maybe it can. Maybe AI will make that happen.
I doubt it.
It's hard to predict the future (thus, the title of this thread). I would expect equities to lag over the next decade. But the "market can be irrational longer than you can be solvent," so I'm not betting on that happening. But I have a few hedges, just in case.
I doubt it.
It's hard to predict the future (thus, the title of this thread). I would expect equities to lag over the next decade. But the "market can be irrational longer than you can be solvent," so I'm not betting on that happening. But I have a few hedges, just in case.
It's not me, it's someone else.
Bad Economic Predictions
Can we make that required viewing for high school Americans?
It's not me, it's someone else.
Bad Economic Predictions
Fucking preach.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Bad Economic Predictions
Someone said this shows people aren't buying trucks right now. Ok. But can I ask why so many people buy trucks in the first place? They're gas guzzlers, don't fit in parking spaces, handle for shit in inclement weather, and so on. I'd wager 50% or more of truck owners in the U.S. do not have a regular need for that bed.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell