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Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’ (fortune.com)

submitted 7 months ago by cm0002@lemmy.zip to c/usa@midwest.social

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The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it's totally not a bubble according to grampa Powell.

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[–] SwingingTheLamp@midwest.social 16 points 7 months ago (1 children)

Hmm, when people like Powell start explaining that it's not a bubble, I hear that it's going to pop sooner rather than later. Especially when he cites "trust me, bro" as evidence.

[–] Tollana1234567@lemmy.today 2 points 7 months ago

and coincidentally at the same times GATES AND altman said the same thing about it busting.