Technology

Unemployment benefits in California are $450/week max. The average rent for a one bedroom apartment in California ranges between $2,100 and $2,460 per month, depending on the source and specific metro market.

Can you tell us what the FED is? The Federal Reserve?

But he'll be right everyday after it happens

Exactly this. The entire market is held together by people who are willing to bend over backwards to keep it working. And all it takes is two or three of those to decide “enough is enough” at the same time, and suddenly all of the market’s sins are laid bare. And at that point, the investors panic and everything snowballs.

I bought a house in 2016 from a couple moving to Texas saying the housing market was going to crash. I sold it for a 400k profit 5 years later. Everyone says it and they’ll be right when it happens but when you keep saying for many years, you will be right eventually

it has all the markers, unless the corporations drastically restructure their debt or the product suddenly finds an actual demonstrable use, then it's going to continue being a bubble. all that requires for it to burst is a large swath of people vested in the bubble to get itchy enough to pull enough money out for the value to be questioned or need to be proved, and AI currently is wildly expensive incuring huge amounts of debt, which is being passed around in a very quick and difficult to account for manner, and has no proven value that can be demonstrated as of yet.

Id like to think that people are more aware of the circumstances that lead up to a bubble forming and popping.

More like 20. Besides, most of these articles are just reporters misunderstanding Burry's trades. Guy is a trader, in and out. By time you know his positions, he's sold and moved on.

Calling a bubble is easy.

Calling the top of the bubble or the bottom of the crash is the more or less impossible part.

It could very well be a bubble, and come crashing down to a low point that is still higher than it is today.

He got Tesla wrong. Very hard to underestimate meme stocks.

SPCX is the model all AI companies plan follow. IP0 valuation of 2K X forward Earnings.

Your retirement fund will be the exit liquidity forced to buy through indexes as the stocks crash and flat line.

Exactly, as long as it's billionaire buddies with trump, they can always print more money to keep the bubble going. When they realize they need to print the money to keep the rest of us afloat, that's when they'll let it crash.

The "invisible hand of the market" is such a fascinating myth, because it frames the results of capitalist endeavors as inevitable and almost holy - but as soon as the sufficiently wealthy and well-connected suffer a setback, then "government bailouts" are granted.

The invisible hand is actually very visible of you dare to look close enough.

They already have. Public Banks are huge investors in the private credit companies that underpin a good amount of the AI bubble.

The Magnificent 7 have been driving the stock markets gains for the last few years. They have also created independent companies to build out the data centers. The debt for these companies is off their books and funded primarily by private credit markets and is underpinned by contracts with the big 7 for data processing once the data center is built.

Projections by the Mag 7 have driven their share increase. So what happens if one or two of the magnificent 7 miss their projections? Well look at Oracle, its stock is tanking because it missed projections.

If the Mag. 7 stock tanks so will your 401ks. When their stock is worth less they will stop plowing money into AI. Suddenly all of the companies with contracts to build the data centers will loose their source of revenue. No revenue and they can’t pay off the loans to private credit. Private credit companies will start to go under and begin to take down the public banking companies that invested in them…

Its a house of cards ready to fall if any of the Mag 7 start to flounder.